Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $300,000. Estimated direct labor cost was $400,000 for 20,000 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost 33,000 Direct labor (1,500 hours) Indirect costs 4,500 Indirect labor 2,500 Indirect materials Factory rent 4.200 4,700 Factory supervision 5,600 Factory depreciation Factory janitorial work 1.200 2,600 Factory insurance General and administrative salaries 3.100 2,300 Selling expenses Required 1. Calculate the predetermined overhead rate. Predetermined Overhead Rate Per DL Hour