Barr Mfg. provided the following information from its accounting records for 2013: Expected production 30,000 labor hours Actual production 28,000 labor hours Budgeted overhead $900,000 Actual overhead $870,000 How much is the overhead application rate if Barr bases the rate on direct labor hours? $32.14 per hour $30.00 per hour $29.00 per hour $31.07 per hour