Vaughn Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 22,000 direct labor $ 13,200, and manufacturing overhead $ 17,600. As of January 1, Job 49 had been completed at a cost of $ 99.000 and was part of finished goods inventory. There was a $ 16,500 balance in the Raw Materials Inventory account During the month of January, Vaughn Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. Purchased additional raw materials of $ 99,000 on account. Incurred factory labor costs of $ 77,000 3. Incurred manufacturing overhead costs as follows: indirect materials $ 18,700; indirect labor $ 22,000 : depreciation expense on equipment $ 13,200 : and various other manufacturing overhead costs on account $ 17,600. Assigned direct materials and direct labor to jobs as follows. 1. 2 Job No 50 51 52 Direct Materials $ 11,000 42.900 33.000 Direct Labor $5,500 27,500 22,000 (a) Calculate the predetermined overhead rate for 2020, assuming Vaughn Company estimates total manufacturing overhead costs of $ 924,000 direct labor costs of 5 770,000 and direct labor hours of 22,000 for the year, (Round answer to the nearest whole percent, es 25%.) Predetermined overhead rate