Peyton Manufacturing estimated its direct materials cost to be $574,293 and its direct labor costs to be $372,841 for the upcoming year. It has also estimated total manufacturing overhead costs to be $176,359. Calculate the predetermined overhead rate if Peyton Manufacturing applies overhead based on direct labor costs. (Remember you can email me your calculations for possible partial credit.) 325.64% 211.41% 0.473% 30.71% 47.3%