Crane Company manufactures custom-order furniture. During 2020. actual manufacturing overhead totaled $710000. Based on the 2020 results, and projected production for 2021, management prepared the 2021 budget and estimated that manufacturing overhead would total $1190400. The estimated number of direct labor hours for 2021 is 49600, and the estimated amount of direct labor cost is $930000. The company plans to use direct labor hours as the basis to allocate overhead to jobs. During May and June 2021, employees worked on the following four jobs Job X43 Job X87 Job Z22 Job A33 Monthly data May Direct materials Direct labor cost Direct labor hours June Direct materials Direct labor cost Direct labor hours $85900 $101900 5180 $73000 $92500 4580 $40700 $78800 0990 $07000 $51800 2650 $24200 $27100 1400 $41400 $51000 2500 $35900 $61200 3000 $24900 $32700 1670 What is the predetermined overhead rate that Crane will use to allocate overhead during 20217 $1200 per direct labor hour $24.00 per direct labor hour $7.16 per direct labor hour O $14.31 per direct labor hour