The following data relates to Spurrier Company's budgeted amounts Budgeted Datax Overhead costa Direct labor hours Machine hours Department I $1,240,000 547,000 DLB 97.000 Department 3 $3,440,000 797,000 OLA 31,000 M What is the company's plantwide overhead rate based on direct labor hours? (Round your answer to two decimal places) Multiple Choice $3.48 per direct labor hour. $3.60 per direct labor hour. 27 $3.48 per direct labor hour $3.60 per direct labor hour $2.27 per direct labor hour. 0 $0.34 per direct labor hour. $0.54 per direct labor hour