Wildhorse Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $60,000 $4,600 Direct labor $25,000 $3,000 Manufacturing overhead costs $67,500 Machine hours 90,000 1,380 During 2022, the actual machine hours totaled 95,000, and actual overhead costs were $70,800. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ Save for Later per machine hour Attempts: 0 of 1 used Submit Answer