Multiple Choice Question 83 Sheridan Company provided the following information from its accounting records for 2017 Expected production 100000 labor hours Actual production 97000 tabor hours Budgeted overhead $1000000 Actual overhead $960000 How much is the overhead application rate if Sheridan Company bases the rate on direct labor hours? 510.31 per hour $10,00 per hour 59.60 per hour $9.90 per hour