Use the following information for Garrett Company for the next two questions. Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation S 29,100 S 23,500 S 53,700 S 49,200 S 28,100 $33,000 $240,000Factory utilities 35,000 36,000 Indirect labor Sales commissions 300,000Factory rent $320,000Factory property taxes 67,200 Indirect materials 23. If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? A. B. C. D. 94% of direct labor cost 125% of direct labor cost 75% of direct labor cost 80% of direct labor cost 24. If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs? A. $240,000 B. $256,000 C. $230,100 D. $400,000