Minton Company Provided the Following Information from Its Accounting Records

Multiple Choice

Minton Company provided the following information from its accounting records for 2022: $\begin{array}{lr}\text { Estimated production } & 60,000 \text { labor hours } \\\text { Actual production } & 56,000 \text { labor hours } \\\text { Estimated overhead } & \$ 1,800,000 \\\text { Actual overhead } & \$ 1,740,000\end{array}$ How much is the predetermined overhead rate if Minton Company bases it on direct labor hours?

A) $30.00 per hour
B) $29.00 per hour
C) $32.14 per hour
D) $31.07 per hour