Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: During the year, a glut of furniture on the market resulted in cutting back production and a buildup of furniture in the company s warehouse Compute the company's predetermined overhead rate for the yea? Predetermined overhead rate per hour