K Company estimates that overhead costs for the next year will be $3,300,000 for indirect labor and $900,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. I 96,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate? Multiple Choice O $0.11 per direct labor hour $43.75 per direct labor hout $0.02 per direct labor hour $9.38 per direct labor hour $34.38 per direct labor hour