Take me to the text A manufacturing firm uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs, based on machine hours'required. At the beginning of 2019, the firm expected to incur the following: Budgeted Manufacturing Overhead Costs Budgeted Direct Labor Cost Budgeted Machine Hours At the end of 2019, the firm had actually incurred: Direct Labor Cost $1,300,000 $1,550,000 65,000 $1,155,000 Depreciation on Manufacturing Property, Plant and Equipment $465,000 Sales Salaries Delivery Drivers' Wages Plant Janitors' Wages Machine Hours Do not enter dollar signs or commas in the input boxes. a) Calculate the firm's predetermined overhead rate. Round your answer to 2 decimal places. $50,000 $20,000 $25,000 45,000