Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,700 and 4,700 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor hours were 4,600. The predetermined over head rate for the year was closest to:

A 52.61

B 49.91

C 51.00

D 51.49