The following data relates to Lead Company's estimated amounts for next year. Picture What is the company's plantwide overhead rate if direct-labor hours are the allocation base? (Round to two decimal places) $.29 per direct labor hour. $2.14 per direct labor hour. $.47 per direct labor hour. $4.36 per direct labor hour. $3.43 per direct labor hour.

The following data relates to Lead Company's estimated amounts for next year.
  
What is the company's plantwide overhead rate if direct-labor hours are the allocation base?
(Round to two decimal places)

•     $.29 per direct labor hour.
•     $2.14 per direct labor hour.
•     $.47 per direct labor hour.
•     $4.36 per direct labor hour.
•     $3.43 per direct labor hour.

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