Question 4 10 pts ABC Company applies overhead to products using direct labor hours as the activity level. During 2020, ABC Company had the following estimated costs: Direct materials. Direct labor ....... Advertising ... Rent on factory building Depreciation .. Indirect materials ...... Sales commissions .......... Production supervisor's salary Insurance on factory equipment . CEO's salary .. . $258,000 255,000 35,000 36,000 60,000 43,000 50,000 69,000 28,000 95,000 The following additional information is available: 1. 30% of the depreciation relates to equipment in the administrative offices while 70% of the depreciation relates to equipment in the factory. 2. 20,000 direct labor hours are estimated for 2020. Calculate ABC Company's pre-determined overhead rate (PDR) for 2020 based on direct labor hours. Enter your answer with two places after the decimal point (i.e., 6.78)