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 $56,800 27,200 21,800 30,200 40,800 43,700 45,000 68,800 X Company estimates that direct labor hours for the year will be 1,700, and machines will be operated for 65,000 hours. If overhead is allocated on the basis of direct labor cost, what will the 2020 overhead rate be? Submit Answer Tries 0/3