Highland industries makes custom yachts using a job cost accounting system. in anticipation of a busy year for 2019, highland’s accountant estimated the following overhead costs for 2019: machinery maintenance $181,350 utilities $226,380 supervision $191,000 materials handling cost $67,000 building occupancy costs $98,270 indirect materials $31,650 in the past, highland has used direct labor hours to allocate overhead to the various yacht building jobs and they anticipate using the same for 2019. highland anticipates using a total of 72,000 direct labor hours in 2019. at the beginning of 2019, highland had no yachts in process or finished but did have $202,000 in raw materials left over from 2018. during 2019, highland began work on 3 yachts (a, b, c). they also purchased and paid for $2,355,000 in raw materials. the predetermined overhead rate using direct labor hours for 2019 would be: