Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $144,305 for the year; direct labor was estimated to total $151,500 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1) (12/31) $14,700 $8,100 $28,400 $23,700 $41,300 $31,100 The following transactions have occurred during the year. Raw materials purchases: Direct materials used Direct labor Indirect materials used Indirect labor Factory equipment depreciation Factory rent Factory utilities Other factory costs $118,000 $113,600 $127,800 $11,000 $ 17,600 $26,800 $ 20,800 $ 8,900 $ 8,200 (a) Calculate the predetermined overhead rate. Predetermined Overhead Rate : % Check my work