Tallion Ship Builders, Inc., applies overhead using a predetermined rate based on direct labor cost. A the end of 2020, the company developed the following information: Actual overhead incurred in 2020, $5,200,000; Actual direct labor cost incurred in 2020, $2,080,000; Estimated overhead for 2021, $6,000,000; and estimated direct labor cost for 2021, $3,000,000. The predetermined overhead rate for 2021 will be: $2.50 of overhead per dollar of direct labor cost OA. B. $2.88 of overhead per dollar of direct labor cost. C. $2.00 of overhead per dollar of direct labor cost D. $2.60 of overhead per dollar of direct labor cost