Crane provided the following information from its accounting records for 2022: Expected production 32800 labour hours Actual production 30800 labour hours Budgeted overhead $1640000 Actual overhead $1590000 How much is the overhead application rate if Crane bases the rate on direct labour hours? $51.62 per direct labour hour $48.48 per direct labour hour $53.25 per direct labour hour $50.00 per direct labour hour