The following information is given for Belvedere Corporation for the recent year. Manufacturing overhead is allocated using direct labor hours. Estimated direct labor hours 53,000 Actual direct labor hours 57,000 Estimated manufacturing overhead costs $740,000 Actual manufacturing overhead costs $685,000 What is the company's predetermined manufacturing overhead rate? $13.12 per direct labor hour $13.96 per direct labor hour $12.79 per direct labor hour $12.69 per direct labor hour