Gallifrey, Ltd. is a manufacturer that uses a job-order costing system.Assume Gallifrey uses a single plantwide predetermined Factory OH rate to apply overhead and bases their predetermined OH rate on Machine hours (Mh).At the beginning of 2020, the firm made the following estimates for the upcoming year:

Estimated Direct labor hours (DLh)

52,000 DLh

Estimated Machine hours (Mh)

31,200 Mh

Estimated Direct Materials Cost

$1,149,925

Estimated Direct Labor Cost

$583,660

Estimated total Variable Factory OH cost

$367,400

Estimated total Fixed Factory OH cost

$1,821,550

The predetermined OH rate (rounded to 2 decimal places) for 2020 is:

a.$26.31

b.$125.72

c.$70.16

d.$42.10

e.$58.38