CR Corporation has the following estimated costs for the next year: direct material 5K, direct labor 15K, rent on factory building 16K, sales salaries 24K depreciation on factory equipment 7K, indirect labor 11K, production supervisory salary 14K CR Corporation estimates that 24,000 labor-hours will be worked during the year. The predetermined overhead rate per hour will be

Group of answer choices

2.00

none of the above are correct

3.00

2.79