Calculate the predetermined overhead rate for $2025,$ assuming Oriole Company estimates total manufacturing overhead costs of $$739,200,$ direct labor costs of $$616,000,$ and direct labor hours of $17,600$ for the year.

Oriole Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January $1,$

$2025,$ Job $50$ was the only job in process. The costs incurred prior to January $1$ on this job were as follows: direct materials $$17,600,$

direct labor $$10,560,$ and manufacturing overhead $$14,080.$ As of January $1,$ Job $49$ had been completed at a cost of $$79,200$ and was

part of finished goods inventory. There was a $$13,200$ balance in the Raw Materials Inventory account on January $1.$

During the month of January, Oriole Company began production on Jobs $51$ and $52,$ and completed Jobs $50$ and $51.$ Jobs $49$ and $50$

were sold on account during the month for $$107,360$ and $$139,040,$ respectively. The following additional events occurred during the

month.

Purchased additional raw materials of $$79,200$ on account.

Incurred factory labor costs of $$61,600.$

Incurred manufacturing overhead costs as follows: depreciation expense on equipment $$10,560$; and various other

manufacturing overhead costs on account $$14,080.$

Assigned direct materials and direct labor to jobs as follows.