Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,600 $465,900 $425,500 $350,500 253,800 234,900 If Quick Step Company uses direct labor hours as the allocation base, what would the predetermined manufacturing overhead rate be? (Round your answer to the nearest cent.) OA. $1.68 per direct labor hour OB. $1.81 per direct labor hour OC. $1.49 per direct labor hour OD. $1.38 per direct labor hour