Summer 20 Company is an accounting firm that allocates indirect costs using a single predetermined overhead allocation rate with direct labor hours as the allocation base Based on the following what is the predetermined overhead allocation rate per direct labor hour? Estimated indirect costs for the year $200,000 Estimated direct labor hours for the year 2667 Estimated direct labor cost $400.000 Direct Labor Rate per hour 5150 Client biling rate based on direct labor cost 1207 575 per direct labor hour $20 per direct labor hour O $150 per direct labor hour $180 per direct labor hour