A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: What is the predetermined overhead rate to the nearest cent? A) $18.17 per MH B) $18.31 per MH C) $18.70 per MH D) $18.84 per MH