Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $186,500. At the end of the year, actual direct labor-hours for the year were 15,500 hours, manufacturing overhead for the year was underapplied by $14,100, and the actual manufacturing overhead was $181,500. The predetermined overhead rate for the year must have been closest to:

A) $11.46

B) $9.93

C) $10.80

D) $11.74