Question 7 3 pts J&J Company applies overhead based on direct labor hours. At the beginning of the year, J&J Company estimates overhead to be $480,000, machine hours to be 120,000, and direct labor hours to be 80,000. During January, they have 6,700 direct labor hours and 11,000 machine hours. What is the predetermined overhead rate? $40.200 54 per machine hour $44,000 $6 per direct labor hour