A company's budgeted overhead (applied using direct labor hours) totaled $235,000 and its actual overhead totaled $230,300.

Question:

A company's budgeted overhead (applied using direct labor hours) totaled $235,000 and its actual overhead totaled $230,300. If its budgeted direct labor hours totaled 5,000, and its actual direct labor hours totaled 4,700, what is the company's predetermined overhead rate?
a) $49.00/hour
b) $50.00/hour
c) $46.06/hour
d) $47.00/hour