D Question 2 1 pts Turt Technical Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Turt Technical Solutions computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it was estimated that 80,000 direct labor hours would be required for the period's estimated level of client service. The company also estimated P680,000 fixed overhead cost for the coming period and variable overhead of P71.25 per direct labor hour. The firm's actual overhead cost for the year was P692,000 and its actual direct labor was 83,000 hours. The PREDETERMINED OVERHEAD RATE was P per hour. Round-off to 2 decimal places