X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $58,100 22,400 20,500 29,700 47,000 40,300 40,000 64,300 X Company estimates that direct labor hours for the year will be 1,400, and machines will be operated for 60,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 6.90 Submit Answer Incorrect. Tries 2/3 Previous Tries