Digger Inc. sells a high-speed retrieval system for mining Information. It provides the following information for the year Overhead cost Machine hours Direct labor hours Budgeted $940,310 55.500 101.000 Actual $913,310 47300 96,300 Overhead is applied on the basis of direct labor hours (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places 6. 12.25) Predetermined overhead rate $ per direct labor hour e Textbook and Media D URO 3 od N 6 8 e t u o h j