Longobardi Corporation bases its predetermined overhead rate on

the estimated labor$-$hours for the upcoming year. At the beginning

of the most recently completed year, the Corporation estimated the

labor$-$hours for the upcoming year at $39,500$ labor$-$hours. The

estimated variable manufacturing overhead was $$6\mathrm{.}11$ per labor$-$hour

and the estimated total fixed manufacturing overhead was $$744,851.$

The actual labor$-$hours for the year turned out to be $31,000$

labor$-$hours. The predetermined overhead rate for the recently

completed year was closest to:

Multiple Choice

$$24\mathrm{.}61$ per labor$-$hour

$$6\mathrm{.}58$ per labor$-$hour

$$33\mathrm{.}30$ per labor$-$hour

$$31\mathrm{.}19$ per labor$-$hour