CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Not complete Marked out of 6.00 P Flag question Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (16,000 lb.) Direct labor ($17.50/hr.) Indirect material Indirect labor Sales commissions Factory administratiorn Non factory administrative expenses Other manufacturing overhead" $160,000 245,000 24,000 44,000 68,000 32,000 40,000 96,000 Provides for operating 61,250 machine hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours. Round direct labor hours and machine hours answers to two decimal places, when applicable Round direct labor costs to the nearest one decimal place percentage, when applicable (example: 76.4%)