Question 14 4 points Sav ABC Company has the following estimated costs for next year: Direct materials $15,000 Direct labour 55,000 Sales commissions 75,000 Salary of 35,000 production supervisor Indirect materials 5,000 Advertising 11,000 expense Rent on factory 16,000 equipment ABC estimates that 10,000 direct labour and 16,000 machine hours will be worked during the year. If overhead is applied based on machine hours, compute the predetermined overhead rate