Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $61,400 and 2,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $63,350 and actual direct labor-hours were 1,850.

The predetermined overhead rate for the year was closest to: (Round your answer to 2 decimal places.)

	$30.70
	$32.72
	$29.46
	$31.40