MC Qu. 38 Dagger Corporation uses direct labor-hours. Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $258,750. At the end of the year, actual direct labor-hours for the year were 19,500 hours, manufacturing overhead for the year was underapplied by $11,000, and the actual manufacturing overhead was $254,750. The predetermined overhead rate for the year must have been closest to: O $13.16 O $12.50 O $11.63 O $13.44 References