Queens Corporation uses direct labor-hours in its predetermined overhead rate. The following additional information is available for the company as a whole and for Job X. Estimated total fixed manufacturing overhead $10,000 Estimated variable manufacturing overhead per direct labor hour $1.00 Estimated total direct labor-hours to be worked $2,000 Total actual manufacturing overhead cost incurred $12,500 Job X Direct Material $8,000 Direct Labor cost $7,500 Actual direct labor hours worked 500 What is the company's predetermined overhead rate