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 ......... ....... $258,000 Direct labor 255,000 Advertising ............ 35,000 Rent on factory building ..... 36,000 Depreciation ................... 60,000 Indirect materials ........... 37,000 Sales commissions ......... 50,000 Production supervisor's salary ...... 61,000 Insurance on factory equipment ...... 19,000 CEO's salary ........ 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)