Brief Exercise 4-1 a-b (Part Level Submission) Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual Overhead cost Machine hours $940,310 55,500 101,000 $913,310 47,300 96,300 Direct labor hours Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate per direct labor hour Click if you would like to Show Work for this question: Open Show Work