Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,840,000 ( 160,000 hours at $24/ hour) and that factory overhead would be $1,460,000 for the current period. At the end of the period, the records show that there had been 140,000 hours of direct labor and $1,160,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.) $7.92 per direct labor hour. $8.33 per direct labor hour. $9.13 per direct labor hour. $10.43 per direct labor hour. $7.25 per direct labor hour