XYZ Manufacturing Company uses a predetermined overhead rate based on direct lobor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials Direct labor Rent on factory building Sales salaries Depreciation on factory equipment Indirect labor Production supervisor salary $ 6,000 $ 20,000 $ 15,000 $ 25,000 $ 8,000 $ 12,000 $ 15,000 XYZ estimates that 10,000 direct labor-hours will be worked during the year. What is the predetermined overhead rate per hour! $7.50 per direct labor hour $5.00 per direct labor hour $3.50 per direct labor hour $2.70 per direct labor hour