Multiple Choice Question 88 Swifty Corporation provided the following information from its accounting records for 2017: Expected production Actual production 80000 labor hours 76000 labor hours $1500000 $1440000 Actual overhead How much is the overhead application rate if Swity Corporation bases it on direct labor hours? $18.75 per hour $18.95 per hour $18.00 per hour $19.74 per hour