Aspen Technologies has the following budget data:

Line Item Description Amount

Estimated direct labor hours $10,800$

Estimated direct labor dollars $$62,100$

Estimated factory overhead costs $$174,400$

If factory overhead is to be applied based on direct labor hours, the predetermined factory overhead rate is

a$.$ $$12\mathrm{.}92$

b$.$ $$24\mathrm{.}22$

c$.$ $$16\mathrm{.}15$

d$.$ $$19\mathrm{.}38$