Bakker 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 $81,500 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $83,650 and actual direct labor-hours were 2,400. The predetermined overhead rate for the year was: (Round your answer to 2 decimal places.) $31.36 $32.60 $33.30 $34.62