Question 22 (Mandatory) (2.5 points) Which of the following is the correct formula to calculate the predetermined factory overhead rate? Estimate total factory overhead costs divided by estimated activity base. Actual total factory overhead costs divided by estimated activity base. Estimate total factory overhead costs divided by actual activity base. Actual total factory overhead costs divided by actual activity base. Question 23 (Mandatory) (2.5 points) A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 46,000. What is the predetermined overhead rate per direct labor hour? $8.00 Question 23 (Mandatory) (2.5 points) A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual manufacturing overhead costs incurred were $377.200, and actual direct labor hours were 46,000. What is the predetermined overhead rate per direct labor hour? $8.00 $8.20 $8.38 $7.83