The Mahoney Company has two producing departments: assembly and finishing The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year Manufacturing Overhead Direct labor hours Machine hours Assembly Finishing Total $200,000 40,000 35,000 75,000 5,000 $100,000 $300,000 16,000 21,000 If Mahoney uses a plantwide predetermined overhead based on direct labor hours, what would be the predetermined overhead rate for the current year? Note: Once submitted, your response cannot be edited)