8. DynaMore applies overhead to each window cleaning job it provides to customers based on direct labor hours. Information concerning manufacturing overhead and labor for July follows: Estimated direct labor Direct labor incurred Estimated manufacturing overhead Actual manufacturing overhead 5,000 hours @ $14.20 = $71,000 5,100 hours @ $14.50 = $73,950 $269,800 $281,400 How much is the predetermined overhead rate? A) $3.80 B) $3.65 C) $53.96 D) $52.90