6. Allan Merchants uses machine-hours as the only overhead cost-allocation base and allocates manufacturing overhead costs based on budgeted rate. The following data has been provided for the year 2021: the direct cost rate for one of the products is $7 per unit, and the selling price of the product is $28. Other information for 2021 include: the budgeted manufacturing overhead costs are $259031; and budgeted machine hours are 38335; and the actual manufacturing overhead costs are $331420 and actual machine hours are 40182. Compute the percentage of profit margin earned if each unit of the product requires 2 machine-hours