X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Advertising Factory rent Sales salaries Factory insurance $55,800 27,200 18,300 30,800 47,900 47,500 50,000 65,600 X Company estimates that direct labor hours for the year will be 1,600, and machines will be operated for 64,000 hours. If overhead is allocated on the basis of direct labor hours, what will the 2020 overhead rate be? 5.96