Oriole Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $52,800 $4,000 Direct labor $22,000 $2,400 Manufacturing overhead costs $67,320 Machine hours 79,200 1,200 During 2022, the actual machine hours totaled 83,600, and actual overhead costs were $62,400. (a) Your answer is incorrect. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate eTextbook and Media +A $ 28.05 per machine hour