Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,256,000 80,000 40,000 1,201,200 86,500 39,600 Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2019 is (round calculations to 2 significant digits): Multiple Choice $16.08 per direct labor hour. $16.08 per direct labor hour. $14.16 per direct labor hour $15.19 per direct labor hour $14.35 per direct labor hour $15.70 per direct labor hour