TeN-6gy Company applies overhead to production on the basis of machine hours. TeN-6gy Company had the following estimated costs for 2033: Direct materials $64,000 Direct labor 80,000 Advertising expense 39,000 Depreciation on factory building 25,000 Rent on office building 30,000 Indirect materials .... 42,000 Production supervisor's salary .. 40,000 Sales commissions 50,000 Depreciation on factory equipment ... 34,000 TeN-6gy Company estimates that 20,000 machine hours will be used during 2033. TeN-6gy Company's pre-determined overhead rate based on machine hours for 2033 was equal to