Your Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. Last year, the company worked 17,000 direct labor-hours and incurred $266,500 of actual manufacturing overhead cost. Overhead was over-applied by $5,000. What was the predetermined overhead rate? (Round to two digits if necessary.) O $15.15 O $15.38 O $15.97 $15.67 $15.50