Thibodeaux Limousine Corporation is trying to determine a predetermined manufacturing overhea(D) Estimated overhead for the upcoming year is $312,500. Budgeted machine hours are 97,000 hours, and budgeted labor hours are 18,000 hours at a rate of $14.00 per hour. Compute the predetermined overhead rate based on:
(a) Direct labor dollars
(b) Direct labor hours
(c) Machine hours