TB MC Qu. 4-40 ABC Company listed the following data for ... ABC Company listed the following data for the current year. Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $1,059,500 65,000 25,000 1,040,300 67,000 24,000 Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is: Multiple Choice $15.53 per direct labor hour. $16.80 per direct labor hour $16.30 per direct labor hour. $43.35 per direct labor hour. $15.30 per direct labor hour