Use the budget and actual data provided for Sharp Company to answer the question that follow. Sharp Company Estimated direct labor hours 12,000 Estimated direct labor dollars $90,000 Estimated factory overhead costs $179,000 Actual direct labor hours 11,500 Actual direct labor dollars $92,000 Actual factory overhead costs $180,000 If factory overhead is to be applied based on direct labor dollars, the predetermined factory overhead rate is Oa. 196% Ob. 199% Oc. $15.65 d. $14.92