Jones Manufacturing Company makes two products. The companys budget includes $486,680 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 21,160. 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: Estimated Cost Estimated Activities Orders processed $84,800 5,300 orders Machine setups 14,040 540 machine hours Shipping 26,509 54,100 shipments $125,349 Collapse question part (a) Calculate the companys overhead rate based on total direct hours. The companys overhead rate $ per direct labor hour