If overhead is applied on the basis of direct labor hours, how much is the overhead rate per hour? FFF COMPANY has the following estimated costs for the next year: Direct materials 4,000 Direct labor 20,000 Rent on factory building 15,000 Sales salaries 25,000 Depreciation on factory equipment 8,000 Indirect labor 10,000 Production supervisor's salary 12,000 The company estimates that 20,000 labor hours will be worked during the year. P2.25 P3.25 P3.45 P4.70