Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $298,350. At the end of the year, actual direct labor-hours for the year were 20,200 hours, manufacturing overhead for the year was underapplied by $14,100, and the actual manufacturing overhead was $284,780. The predetermined overhead rate for the year must have been closest to:

Multiple Choice

• $13.40.

• $14.77.

• $14.10.

• $12.93.