The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory overhead costs $ 1,500,000 Actual factory overhead costs $ 1,776,400 Estimated labor hours 48,000 Actual labor hours 51,700 Estimated labor costs $ 756,000 Actual labor costs $ 840,125 Estimated machine hours 96,000 Actual machine hours 102,600 What is the predetermined factory overhead rate per labor hour?

Multiple Choice

$29.01

$31.25

$37.01

$34.36