Jameson Company uses a predetermine overhead rate based on direct labor hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for the next year: direct materials - $5,000; direct labor - $19,000; rent on factory building - $16,000; sales salaries - $24,000; depreciation on factory equipment - $7,000; indirect labor - $11,000; production supervisor's salary - $14,000. Jameson estimates that 24,000 direct labor hours will be worked during the year. The predetermined overhead rate per hour will be:A) $2.00. B) $2.79. C) $3.00. D) $4.00.
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