Question: KLM Company provided the following information from its accounting records for 2024: Budgeted direct labor hours 6.000 direct labor hours Actual direct labor hours 5,000 direct labor hours Budgeted machine hours 4,000 machine hours Actual machine hours 3,750 machine hours Estimated overhead costs $60,000 Actual overhead costs $57,000 What is the predetermined overhead rate if KLM uses machine hours as the cost allocation base? KLM Company provided the following information from its accounting records for 2024: Budgeted direct labor hours 6.000 direct labor hours Actual direct labor hours 5,000 direct labor hours Budgeted machine hours 4,000 machine hours Actual machine hours 3,750 machine hours Estimated overhead costs $60,000 Actual overhead costs $57,000 What is the predetermined overhead rate if KLM uses machine hours as the cost allocation base? None 16.00 12.00 10.00 15.00