1. The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31:

Estimated factory overhead costs	$	1,959,200
Actual factory overhead costs	$	1,793,200
Estimated labor hours		62,000
Actual labor hours		65,700
Estimated labor costs	$	763,000
Actual labor costs	$	847,125
Estimated machine hours		103,000
Actual machine hours		109,600

What is the predetermined factory overhead rate per labor hour?

Multiple Choice

• $29.36.

• $31.60.

• $37.43.

• $34.71.