Speed Demon Inc. manufactures two products: speedometers and odometers. During the month, it produced 2,000 speedometers and 3,000 odometers and incurred estimated overhead costs of $45,300. The company currently allocated overhead on the basis of direct labor hours. This month, the company incurred the following:

	Speedometers	Odometers
Machine Hours	750	1,000
Labour Hours	1,200	800
Labor cost	$12,000	18,000

What is the company's current predetermined overhead rate?

Question 10 options:

1)

$9.06

2)

$22.65

3)

$37.75

4)

$56.63