Crane Company uses a job order cost system and applies overhead to production on the basis of direct labor costs, On lanuary 1. 2025 , Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $25,200, direct labor $15,120, and manufacturing overhead $20,160. As of January 1, Job 49 had been completed at a cost of $113,400 and was part of finished goods imventory. There was a $18,900 balance in the Raw Materials inventory account on January 1. During the month of January, Crane Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $153,720 and $199,080, respectively. The following additional events occurred during the month. 1 Purchased additional raw materials of $113,400 on account. 2. Incurred factory labor costs of $88,200. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $15,120; and various other manufacturing overhead costs on account $20.160 4. Assigned direct materials and direct labor to fobs as follows. Calculate the predetermined overhead rate for 2025, assuming Crane Company estimates total manufacturing overhead costs of $1,058,400, direct labor costs of $882,000, and direct labor hours of 25,200 for the year: Predetermined overhead rate \% eTextbook and Media List of Accounts Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above