A company uses a predetermined overhead recovery rate based on machine hours. Budgeted factory overhead for the year amounted to Gh720,000, but actual factory overhead incurred was Gh738,000. During the year, the company absorbed Gh714,000 of factory overhead on 119,000 actual machine hours. What is the company's budgeted level of machine hours for the year? Select one: O a. 119,000 O b. 120,000 O c. 123,000 O d. 116,000