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 $500,400 Actual direct labor cost $466,000 Estimated manufacturing overhead costs $425,400 Actual manufacturing overhead costs $350,300 Estimated direct labor hours 254,300 Actual direct labor hours 241,000 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) A. $1.38 per direct labor hour OB. $1.45 per direct labor hour C. $1.77 per direct labor hour OD $1.67 per direct labor hour Click to select your