Selected basic data for Intex Corporation is given: Estimated manufacturing overhead $260,000 Factory utilities $29,100 Estimated labor hours 35,000 Indirect labor $23,500 Actual direct labor hours 36,000 Sales commissions $53,700 Estimated direct labor cost $300,000 Factory rent $49,200 Actual direct labor cost $320,000 Factory property taxes $28,100 Factory depreciation $67,200 Indirect materials $33,000 If the XYZ allocates overhead based on direct labor cost, find the predetermined manufacturing overhead rate? 75% of direct labor cost 94% of direct labor cost 125% of direct labor cost 87% of direct labor cost