For 2017, Looz Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $400,000 $480,000 Machine-hours 80,000 100,000 Using job costing, the 2017 budgeted manufacturing overhead rate is:

Select one:

a. $12.00 per machine-hour

b. $8.00 per machine-hour

c. $5.160 per machine-hour

d. $10.00 per machine-hour