Puzzle Company uses a job order costing system. The company's executives estimated that direct labor would be $132,000 (12,000 hours at $11/hour) and that estimated factory overhead would be $528,000 for the current period. At the end of the period, the records show that there had been 18,000 hours of direct labor and $700,000 of actual overhead costs. Using estimated direct labor dollars as a base, what was the predetermined overhead rate? Edit View Insert Format Tools Table 12pt Paragraph BIUA