Puzzle Company uses a job order costing system. The company's executives estimated that direct labor would be $55,000 ( 2,750 hours at $20 /hour) and that estimated factory overhead would be $275,000 for the current period. At the end of the period, actual records show that there had been 2,500 hours of direct labor and $290,000 of actual overhead costs. Using estimated direct labor dollars as a base, what was the predetermined overhead rate? 'You only need to calculate the predetermined overhead rate here, nothing else