Based on the following calculate the pre-determined overhead rate. Summer 20 Company allocates overhead using a single plant wide rate with direct labor cost as the base. The company manufactures two types of suitcases, Basic and Plus. Total estimated overhead cost for the year $30,000 Estimates for the year Direct Materials cost per unit Direct labor cost per unit Number of units Basic $35 $55 530 Plus $42 $61 380 32.22 28.42% 174.43% 5733