d. $24,000 16. Stone Cliff Company manufactures custom-order furniture. During 2020, actual manufacturing overhead totaled $720,000. Based on the 2020 results, and projected production for 2021, managementprepared the 2021 budget and estimated that manufacturing overhead would total $800,000. The estimated number of directlabor hours for 2021 is 50,000, and the estimated amount of direct labor cost is $1,000,000. The company plans to use direct labor hours as the basis to allocate overhead to jobs. During May and June 2021, employees worked on the following four jobs Job X43 Job X87 Job Z22 Job A33 Monthly data May Direct materials Direct labor cost Direct labor hours June Direct materials Direct labor cost Direct labor hours $86,000 $101,000 5,050 $72,000 $91,000 4,550 $44,000 $78,000 3,900 $38,000 $52,000 2,600 $24,000 $28,000 1,400 $41.000 S52,000 2,600 $35,000 $62,000 3,100 $24,000 $32,800 1,640 What is the predetermined overheadrate that Stone Cliff will use to allocate overhead during 2021? a. $8.00 per direct labor hour b. $16.00 per direct labor hour $14.40 per direct labor hour d. $7.20 per direct labor hour C