Dunder Mifflin Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $300,000. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $10,000, and the actual manufacturing overhead was $350,000. The predetermined overhead rate for the year must have been closest to:

$16.00

$15.50

$15.00

$14.25