Brief Exercise 17-1 (Part Level Submission) Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours Budgeted $1,578,960 60,300 108,000 Actual $1,553,960 49,200 102,700 Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.. 12.25.) Predetermined overhead rates per direct labor hour Click if you would like to Show Work for this question: Open Show Work