TB MC Qu$.2-23($Static$)$ Longobardi Corporation bases its predetermined overhead...

the upcoming year at $46,000$ labor$-$hours. The estimated variable manufacturing overhead was $$6\mathrm{.}25$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$1,026,260.$ The actual labor$-$hours for the

year turned out to be $41,200$ labor$-$hours. The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice

$$28\mathrm{.}56$ per labor$-$hour

$$22\mathrm{.}31$ per labor$-$hour

$$6\mathrm{.}25$ per labor$-$hour

$$31\mathrm{.}16$ per labor$-$hour