Your Company uses predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 10,000 direct labor-hours and incurred $80,000 of actual manufacturing overhead cost. Overhead was over-applied by $5,000. What is the predetermined overhead rate? (Round to two digits if necessary.)

Group of answer choices

$8.00

$8.20

$7.50

$7.80

$8.50