The Silver Company uses a predetermined overhead rate inapplying overhead to pro

The Silver Company uses a predetermined overhead rate inapplying overhead to production orders on a labor cost basis inDepartment A and on a machine hours basis in Department B. At thebeginning of the year the company made the followingestimates:Dept. A Dept B.direct labor cost $60000 $40000factory over head $90000 $45000direct labor hours 6000 9000machine hours 2000 15000What predetermined overhead rate would be used in Department A andDepartment B respectively?150% and 300%.150% and $3.00.$1.50 and 300%.$1.50 and $3.00