Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1,488,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 62,000 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory $304,291 Work in Process Inventory Finished Goods Inventory $337,997 $756,362 Actual direct labor hours used 68,970 $1,434,576 Actual overhead incurred What predetermined overhead rate did Mirada use during the year (if necessary, round your answer to two decimal places)? $21.57/DLH O $24/DLH $23.14/DLH 20.80/DLH