Question 11 10 pts Petters Inc. uses labor hours to assign overhead cost. The following data are for the month of November: Expected manufacturing overhead $500,000 Overhead assignment base labor hours Expected labor hours 10,000 Manufacturing overhead incurred $620,000 Actual labor hours 11,000 The ending balances (before adjusting for the overhead variance) are as follows: Cost of goods sold Finished goods Work-in-process Required: $200,000 $200,000 $100,000 A. Compute the predetermined manufacturing overhead rate for the month of November.