Question 15 2 p A company expected its annual overhead costs to be $1,950,000 and direct labor costs to be $1,500,000. Actual overhead was $1,890,000, and actual labor costs totaled $1,160,000. How much is the company's predetermined overhead rate to the nearest cent? O $1.26 $1.30 $1.18 $122 2 pts Question 16