Gensource Company provided the following information from its accounting records for 2021:

Estimated production 60,000

labor hours Actual production 56,000

labor hours Estimated overhead $1,800,000

Actual overhead $1,740,000

How much is the predetermined overhead rate if the Company bases it on direct labor hours?

Select one:

a. $31.07 per hour

b. $32.14 per hour

c. $29.00 per hour

d. $30.00 per hour