QUESTION 9 1 The following information has been gathered for the Georgia Manufacturing Company pertaining to its fiscal year ending December 31: Actual manufacturing overhead costs $1, 650, 300 Actual direct labor hours 66, 000 Actual direct labor rate $15 . 50 Estimated manufacturing overhead costs $1579, 000 Estimated direct labor rate $15 . 75 Estimated direct labor hours 65, 000 Georgia Mig. Co. uses direct labor hours as the activity base for assigning overhead? What is the predetermined manufacturing overhead rate? (Round to the nearest $0. 01.)