Suomi Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $392,400; materials of $408,000 and direct labor of $218,000. During the year Adams incurred $418,000 in materials costs, $413,000 in overhead costs and $222,000 in direct labor costs. Compute the predetermined overhead rate. Multiple Choice 187% 180% 96% 56% 186%