Your answer is incorrect. Sunland Company provided the following information from its accounting records for 2019. Expected production 40000 labor hours Actual production 36000 labor hours Budgeted overhead $1100000 Actual overhead $1060000 How much is the overhead application rate if Sunland Company bases the rate on direct labor hours? $30.56 per hour $27.50 per hour $26.50 per hour $29.44 per hour e Textbook and Media