The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A. At the beginning of the year, the company made the following estimates: Direct labor cost Manufacturing overhead Direct labor-hours Machine-hours Dept A $50,000 $87,000 4.000 3.000 What predetermined overhead rate would be used in Dept A? 1.92 or 192% 0.57 or 57% 1.74 or 174% 21.75 or 2,175%