Reformer Company estimates that 64,000 direct labor hours will be worked and 80,000 machine hours will be incurred during the year. In addition. the company has developed the following cost estimates for next yea r: Sales commissions $600,000 Direct labor 440,000 Salary of production supervisor 280.000 Rent on factory equipment 128,000 Direct materials 120,000 Advertising expense 88,000 Indirect materials 40,000 If overhead is applied on the basis of direct labor hours, what is the company's predetermined overhead rate