Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $229, 900. At the end of the year, actual direct labor-hours for the year were 17,000 hours, manufacturing overhead for the year was underapplied by $16, 500, and the actual manufacturing overhead was $223, 900. The predetermined overhead rate for the year must have been closest to: $12.20 $13.14 $11.33 $12.86