Aspen Technologies Has the Following Budget Data If Factory Overhead Is to Be Applied Based on Direct

Aspen Technologies has the following budget data: $\begin{array}{lr}\text { Estimated direct labor hours } & 15,000 \\\text { Estimated direct labor dollars } & \$ 90,000 \\\text { Estimated factory overhead costs } & \$ 198,000\end{array}$ If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is

A) $7.50
B) $13.20
C) $2.20
D) $16.50