$ Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual Factory overhead Actual labor hours Actual machine hours 1,044,000 69,600 24,000 1,037,400 72,600 23,600 Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is: Answer 20) Using the information from question number 19 and assuming ABC applied overhead based on machine hours, the company's predetermined overhead rate for the year is