Monro Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $79,250 and 2,200 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $78,000 and actual direct labor-hours were 2,400. The predetermined overhead rate for the year was closest to: a. $36.02 b. $30.90 c. $31.60 d. $34.74 e. $32.50 Clear my choice Next pa