ABC Company listed the following data for the current year:

	Budgeted factory overhead	$	1,044,000
	Budgeted direct labor hours		69,600
	Budgeted machine hours		24,000
	Actual factory overhead		1,037,400
	Actual labor hours		72,600
	Actual machine hours		23,600

Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is:

Group of answer choices

$43.95 per direct labor hour.

$15.50 per direct labor hour.

$15.00 per direct labor hour.

$14.28 per direct labor hour.

$14.00 per direct labor hour.