7. MC Qu. 36 Dagger Corporation uses direct labor-hours...

Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $277,270. At the end of the year, actual direct labor-hours for the year were 17,300 hours, manufacturing overhead for the year was underapplied by $14,500, and the actual manufacturing overhead was $272,270. The predetermined overhead rate for the year must have been closest to: