The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor$-$hours. The direct labor budget indicates that $9,200$ direct labor$-$hours will be required in February. The variable overhead rate is $$8\mathrm{.}80$ per direct labor$-$hour. The company's budgeted fixed manufacturing overhead is $$120,520$ per month, which includes depreciation of $$18,270.$ All other fixed manufacturing overhead costs represent current cash flows.

The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be:

Multiple Choice

$$8\mathrm{.}80$ per direct labor$-$hour

$$13\mathrm{.}10$ per direct labor$-$hour

$$19\mathrm{.}60$ per direct labor$-$hour

$$21\mathrm{.}90$ per direct labor$-$hour