Question 6 During the year ended 30 June 2019, Fast Fones Industries Pty Ltd incurred the following costs. Direct labour $841,300 Direct material 2,870,600 Factory overhead 6,889,440 The company charges factory overhead costs to work in process inventory and finished goods inventory using an overhead application rate based on direct materials costs. A. Determine the company's overhead application rate. (Round answer to 2 decimal places, e.g. 15.25.) Company's overhead application rate $ per DM$