Required information Problem 19-1A (Algo) Computing job costs and overhead rate; assigning costs to inventory LO C1, P3 [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, \$6,200; direct labor, \$2,000; and applied overhead, $1,100. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. Problem 19-1A (Algo) Part 3 3. What is the predetermined overhead rate