The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31:Actual manufacturing overhead costs $ 216,500Actual direct labor hours 55,300Actual direct labor costs $ 449,000Estimated manufacturing overhead costs $ 222,780Estimated direct labor $ 438,000Estimated direct labor hours 56,400What is the predetermined manufacturing overhead rate per direct labor hour?

$3.84.

$4.03.

$3.92.

$3.95.