Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,980. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,900, and the actual manufacturing overhead was $361,660. The predetermined overhead rate for the year must have been closest to:

Multiple Choice

$15.21 per direct labor-hour

$15.44 per direct labor-hour

$15.57 per direct labor-hour

$15.07 per direct labor-hour