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 $239,900 and 4,740 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $247,000 and actual direct labor-hours were 4,660.

The predetermined overhead rate for the year was closest to:

Multiple Choice

A.$50.61

B. $53.00

C. $49.76

D.$52.11