Question 35 Joyston Company has the following estimated costs for the next year: . Direct Materials: $10,000 . Direct Labor: $142,000 . Rent on Factory Building: $17,000 . Sales Department Salaries: $28,000 . Depreciation on Factory Equipment: $12,000 . Indirect Labor: $28,000 . Indirect Manufacturing Materials: $12,000 . Production Supervisor's Salary: $16,000 Joyston pays $5 per hour for direct labor. If manufacturing overhead is applied on the basis of direct labor hours, the predetermined overhead rate per direct labor hour will be which of the following O $2.99 O $3.98 O $2.01 O $2.99