Jumbo Company is considering the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost $500,800 Actual direct labor cost $465,000 Estimated manufacturing overhead costs $425,800 Actual manufacturing overhead costs $350,500 Estimated direct labor hours 259,700 Actual direct labor hours 235,200 If Jumbo Company uses direct labor hours as the allocation base, what would the predetermined manufacturing overhead rate be? (Round your answer to the nearest cent.) O A. $1.64 per direct labor hour O B. $1.81 per direct labor hour O C. $1.35 per direct labor hour O D. $1.49 per direct labor hour