On 2 Nor companied out at 1.00 Recon Total Cost Formula Davis Company has ocalyzed its overhead costs and derived a general formula for their behavior: $55.000 - stoper direct labor hour employed. The company expects to use 50,000 direct labor hours during the next accounting period. Whet overhead rate per director hour should be applied to jobs worked during the period? Round answer to two decimal places Overhead rate per direct labor hour