Help Save & Ex Horton Industries Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to products. The company has provided the following estimated costs for next Direct materials Direct labor Sales commissions Salary of production supervisor Indirect materials Advertising expense Rent on factory equipment $10,400 $30,400 $40,800 $20,750 $ 4,750 $ 8,400 $11,000 Horton estimates that 5,000 direct labor-hours and 10,000 machine-hours will be worked during the ye predetermined overhead rate per hour will be: