Jameson Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: 
Jameson estimates that 24,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be:
Definitions:
Put/Call Ratio
A technical indicator that measures the number of put options being traded relative to call options, often used to gauge market sentiment or investors' expectations about market direction.
Indicator
A statistic or metric used to gauge future trends in financial markets, economies or other financial entities.
Short Interest
A financial metric indicating the quantity of a company's shares that are currently sold short and have not yet been covered or closed out.
Indicator
A variable or metric used to provide insights into the state or trends of economic or financial activity.
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