Valley View Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for 2013 follows:

Actual Mfg. OverHead $169,500

Estimated Mfg OverHead - $167,200

Direct Labor Incurred - 5,250 hours @ $15 = $78,750

Estimated Direct Labor 4,750 @18 = $85,000

How much is the predetermined overhead rate (rounded to the nearest cent)

A) $32.29

b) $35.68

C) $31.85

D) $35.20