Dancer Corporation, which uses a job-costing system, had two jobs in process at the start of 20x1: job no. 59 ($95,000) and job no. 60 ($39, 500). The following information is available: The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $720,000 and 20.000 hours, respectively. The company worked on three jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were: Manufacturing overhead during the first quarter included charges for depreciation ($20,000), indirect labor ($50,000), indirect materials used ($4,000) and other factory costs ($108, 700). Dancer completed job no. 59 and job no. 60. Job no. 59 was sold for cash, producing a gross profit of $24, 600 for the firm. Valor 5 puntos Required: A. Determine the company's predetermined overhead application rate