Steeler Towel Company estimates its overhead to be $120,000. It expects to have 60,000 direct labor hours costing $1,200,000 in labor and utilizing 15,000 machine hours. Calculate the predetermined overhead rate using: Round your answers to two decimal places. A. Direct labor hours $ B. Direct labor dollars $ C. Machine hours $ 2.5 X per direct labor hour 0.1 per direct labor dollar 20 x per machine hour