Bonita Industries provided the following information from its accounting records for 2022: Expected production 40000 direct labor hours Actual production Estimated overhead 54000 direct labor hours $1600000 Actual overhead $ 1440000 What is the predetermined overhead rate if Bonita Industries bases it on direct labor hours? $26.67 per hour O $36.00 per hour O $ 40.00 per hour $ 29.63 per hour