Nash Company and Mayer Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: Nash Company Mayer Company 90,000 Actual direct labor cost $160,000 150,000 100,000 Estimated direct labor cost 58,000 76,000 Actual manufacturing overhead cost 60,000 Estimated manufacturing overhead cost 80,000 Required: a. Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Predetermined overhead direct labor dollar Nash Company Mayer Company direct labor dollar