Tamarisk Mfg. provided the following information from its accounting records for 2022. Expected production 50000 labor hours Actual production 58000 labor hours Budgeted overhead Actual overhead $840000 $930000 What is the predetermined overhead rate if Tamarisk bases the rate on direct labor hours (rounded to the nearest cent)? O $16.80 per hour O $18.60 per hour O $14.48 per hour O $16.03 per hour