Question 40 of 50 < > View Policies -/5 ! Current Attempt in Progress Cullumber Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead $126,000 Estimated manufacturing overhead $122,000 Direct labor hours incurred 4,800 Direct labor hours estimated 5,000 Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ Save for Later per direct labor hour Attempts: 0 of 1 used Submit Answer