The following budget data are available for Surly Corporation: Estimated direct labor hours 9,000 Estimated direct labor dollars $85,500 Estimated material dollars $55,000 Actual manufacturing overhead costs $100,800 Estimated manufacturing overhead costs $103,500 Which of the following is a valid predetermined overhead rate?
A. $1.96 per direct material dollar
B. $1.26 per direct labor dollar
C. $11.20 per direct labor hour
D. $1.21 per direct labor dollar
E. Some other answer