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 $59,100 20,800 19,100 29,200 42,500 47,000 43,000 67,900 X Company estimates that direct labor hours for the year will be 1,600, and machines will be operated for 62,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? Submit Answer Tries 0/3