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 $327,700 and direct labor hours would be 42,800. Actual manufacturing overhead costs incurred were $309,400, and actual direct labor hours were $1,200. What is the predetermined overhead rate per direct labor hour? Oa. M11 Op. 311.48 Oc. M Od. Stee