X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory maintenance Advertising Factory rent Sales salaries Factory insurance $55,700 25,500 19,400 28,100 45,600 48,400 48,000 62,900 X Company estimates that direct labor hours for the year will be 1,700, and machines will be operated for 62,000 hours. If overhead is allocated on the basis of direct labor hours, what will the 2020 overhead rate be? Submit Answer Tries 0/3