Jones Manufacturing Company makes two products. The company's budget includes $470, 500 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 18, 820. Jones recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: processed purchase orders, machine setups, and good shipped. The following is a summary of company information: Calculate the company's overhead rate based on total direct hours. The company's overhead rate $ per direct labor hours