Please tell me how I'm supposed to approach the answer to this.

Problem 2-1A (Part Level Submission) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, the only job in process. The costs incurred prior to January 1 on this job were as foliows: direct materials and manufacturing overhead As of January 1, Job No. 49 had been completed at a cost of $93,600 and was part of finished goods inventory. There was a $15,600 balance in the Raw Materials Inventory During the month of January, Lott Company began product on Jobs 51 and 52, and completed Jobs so and 51. Jobs 49 and 50 were also sold on account during the month for $126,880 and $164,320, respectively. The following additional events ocaurred during the month. 1. Purchased additional raw materials of $93,600 on account. 2. incurred factory labor costs of $72,800. or this s16,640 related to employer payroll taxes. 3. amount Incurred manufacturing overhead costs as follows: indirect materials $17,68o; indirect labor s20,soo; depreciation expense on equipment s12,480, and various other manufacturing overhead costs on account $16,640, 4, Assigned direct materials and direct labor to jobs as follows. $10,400 $5,200 51 40,560 26,000 31,200 (a) calculate the predetermined overhead rate for 2017, assuming Lott Company estimates total manufacturing overhead costs of s873,600, direct labor costs of s728,000, and direct labor hours of 20,800 for the year (Round answer to the nearest whole percent, e.g. 25%) Predetermined overhead rate sHowy LIST or AccouNTs