Exercise 4-8 Computing Predetermined Overhead Rates and Job Costs [LO4-1, LO4-2, L04-3, L04-4) Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine hours recured to support m ed production Fored mancung overhead cost Vant manufacturing overhead cost per machine-hour $ 151.000 651 000 490 Required: 1 Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Promovemends 921 MH