The Following Information Is Provided by the Salinger Corporation for the Year

Multiple Choice

The following information is provided by the Salinger Corporation for the year: $\begin{array}{lr}\text { Actual direct labor hours worked } & 62,100 \\\text { Budgeted overhead } & \$ 405,000 \\\text { Budgeted direct labor hours } & 50,500 \\\text { Actual overhead costs incurred } & \$ 621,000\end{array}$ Which of the following is the predetermined overhead rate, if calculated using direct labor hours? (Round the answer to two decimal places.)

A) $1.53
B) $6.52
C) $8.02
D) $12.30