Sheridan Company provided the following information from its accounting records for 2022: Expected production 40000 direct labor hours Actual production 57000 direct labor hours Estimated overhead $2000000 Actual overhead $1740000 What is the predetermined overhead rate if Sheridan Company bases it on direct labor hours? $30.53 per hour $35.09 per hour O $50.00 per hour $43.50 per hour