Irving Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Middle column is the estimated costs at the beginning of the year and last column include the results at the end of the year (actual costs for the year): Estimated Actual Description Direct Materials 62,000 65,000 Direct Labor 48,000 49,000 Administration 16,000 15,500 Indirect Materials 6,000 7,000 Rent for Factory 15,000 15,000 18,000 18,000 Depreciation on Factory Equipment Delivery Truck Depreciation 4,200 4,200 Irving estimated that 20,000 direct labor-hours would be worked during the year, but actually worked 21,000. The predetermined overhead rate per hour will be: O 8.46 O 1.95 O 1.76 O 2.96