Fast Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $591,000 $474,600 $434,200 $359,000 259,900 241,600 If Fast Step Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead rate be? O 76% O 73% O 91% O 70%