5) Electric Light Orchestra is preparing its Manufacturing Overhead Budget for the third quarter of the year. The budgeted variable manufacturing overhead rate is $1.50 per direct labor- hour; the budgeted xed manufacturing overhead is $112,000 per month, of which $3 0,000 is factory depreciation. If the budgeted direct labor time for August is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for august would be closest to : A) $ 22.00 B) s 1.50 C) $ 28.00 D) $ 29.50