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Peterson Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $910,000 for factory utilities. Peterson Company uses direct

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Peterson Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $910,000 for factory utilities. Peterson Company uses direct labor hours as its overhead allocation base. If 10,000 direct labor hours are planned for this next year, what is Peterson Company's plantwide overhead rate? Multiple Choice $32.73 per direct labor hour $0.02 per direct tabor hour. $032 per direct labor hour $1.27 per direct labor hook $41.00 per direct labor hour

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