Buncombe Company presents the following cost data for 2009: $240,000 $300,000 30,000 $315,000 33,000 Estimated manufacturing overhead costs Estimated direct labor cost Estimated direct labor hours Actual direct labor cost Actual direct labor hours Allocation base: Direct labor cost Other expenses Factory deprecation on equipment Factory rent Factory utilities Factory property taxes Indirect labor Indirect materials Sales commissions $ 65,300 $51,000 $28,900 $26,000 $23,800 $32,000 $52,500 What is the predetermined manufacturing overhead rate for 2009? 84% of direct labor cost O $1.25 per direct labor hour o 70% of direct labor cost 80% of direct labor cost