The following information applies to the questions displayed below In December 2014, Custom Mfg. established its predetermined overhead rate for jobs produced during year 2015 by using the following cost predictions: overhead costs, $660,000, and direct labor costs, $300,000. A year-end 2015, the company's records show that actual overhead costs for the year are $1.090,800. Actual direct labor cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process Inventory 370,000 73,000 49,000 Total actual direct labor cost $492,000 3 3.00 points 1. Determine the predetermined overhead rate for year 2015 Overhead Rate I Choose De Average raw materials inventory Accounts receivable Overhead rate esc 20 7