Prepare the product cost budgets. The Austin Company is preparing its budgeted financial statements for the upcoming year and wants to know what its predetermined overhead rates will be. Austin estimated that its Variable Manufacturing Overhead per Direct Labor Hour is $6.00, its total direct labor hours for all of next year will be 40,000, and its Total Fixed Manufacturing cost per Quarter is $20,000. What is Austin Company's Predetermined Overhead Rate? a.) 13.33