A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $342,200 and direct labor hours would be 43,300. Actual manufacturing overhead costs incurred were $316,700, and actual direct labor hours were 53,100. What is the predetermined overhead rate per direct labor hour? a. $6.32 b. $11.85 C. $7.90 d. $9.48