Question 42 1 pts The following data relates to Spurrier Company's budgeted amounts for next year. Budgeted Data: Department 1 Department 2 Overhead costs $ 1,320,000 $3,520,000 Direct labor hours 551,000 DLH 801,000 DLH Machine hours 101,000 MH 35,000 MH What is the company's plantwide overhead rate based on direct labor hours? (Round your answer to two decimal places.) $0.56 per direct labor hour. $2.40 per direct labor hour. $0.35 per direct labor hour. $3.71 per direct labor hour. $3.58 per direct labor hour