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 $34,800$ labor$-$hours. The estimated variable manufacturing overhead was $$5\mathrm{.}06$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$1,025,208.$ The actual labor$-$hours for the year turned out to be $32,300$ labor$-$hours. The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice

$$34\mathrm{.}52$ per labor$-$hour

$$29\mathrm{.}46$ per labor$-$hour

$$5\mathrm{.}06$ per labor$-$hour

$$37\mathrm{.}19$ per labor$-$hour