Fortify, Incorporated uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. At the beginning of the year, the company made the following estimates: Direct materials Direct labor Sales commissions Indirect labor Rent on office equipment Depreciation - factory building Utilities - factory $ 150,000 200,000 100,000 50,000 25,000 75,000 125,000 Fortify estimated 25,000 direct labor hours and 50,000 machine hours would be used during the year. What is the predetermined overhead rate per direct labor hour? Multiple Choice $24.00 $15.00 $14.00 $10.00