Question 1 A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year, the company had estimated the following: Estimated total overhead cost: $860,000 Estimated total direct labor hours: At the end of the year, the company's actual results indicated the following: Actual total overhead cost: Actual direct labor hours: 860 hours 0.5 pts $673,200 68 hours What was the company's predetermined manufacturing overhead rate for the year? (Round to the nearest dollar and cents.)

Question 1 0.5pts A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year, the company had estimated the following: Estimated total overhead cost: $860,000 Estimated total direct labor hours: 860 hours At the end of the year, the company's actual results indicated the following: Actual total overhead cost: $673,200 Actual direct labor hours: 68 hours What was the company's predetermined manufacturing overhead rate for the year? (Round to the nearest dollar and cents.)