Therrien Pools manufactures swimming pool equipment. Therrien estimates total manufacturing overhead costs next year to be $1,500,000. Therrien also estimates it will use 25,000 direct labor hours and incur $1,200,000 of direct labor cost next year. In addition, the machines are expected to be run for 37,500 hours. Read the requirements. 1. Compute the predetermined manufacturing overhead rate for next year assuming that the company uses direct labor hours as its manufacturing overhead allocation base. Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor hours as the manufacturing overhead allocation base. Predetermined manufacturing : overhead rate : II per DL hour