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Markham Corporation Uses a Job-Order Costing System A) $355 Per Direct Labor-Hour

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Markham Corporation uses a job-order costing system.The following data are for last year: Markham applies overhead using a predetermined rate based on direct labor-hours.What predetermined overhead rate was used last year?
 Estimated direct labor-hours 12,000 Estimated manufacturing overhead costs $39,000 Actual direct labor-hours 11,000 Actual manufacturing overhead costs $37,000\begin{array} { | l | r | } \hline \text { Estimated direct labor-hours } & 12,000 \\\hline \text { Estimated manufacturing overhead costs } & \$ 39,000 \\\hline \text { Actual direct labor-hours } & 11,000 \\\hline \text { Actual manufacturing overhead costs } & \$ 37,000 \\\hline\end{array}

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