Question:
Dafoe Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $221,100. At the end of the year, actual direct labor-hours for the year were 14,400 hours, manufacturing overhead for the year was over applied by $21,500, and the actual manufacturing overhead was $216,100. The predetermined overhead rate for the year must have been closest to:
A) $15.01
B) $17.73
C) $15.35
D) $16.50