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Aspen Technologies has the following budget data: Estimated direct labor hours 10,700 Estimated direct labor dollars $56,500 Estimated factory overhead costs $164,100 If factory overhead
Aspen Technologies has the following budget data:
| Estimated direct labor hours | 10,700 |
| Estimated direct labor dollars | $56,500 |
| Estimated factory overhead costs | $164,100 |
If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is
a.$18.40
b.$12.27
c.$15.34
d.$23.00
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