Helland Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 30,000 $189,000 $2.50 The predetermined overhead rate is closest to: Multiple Choice $6.30 per direct labor-hour $8.80 per direct labor-hour $2.50 per direct labor-hour $11.30 per direct labor-hour