Healthy Food Company is considering the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost $500,300 Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $465,800 $426,000 $350,300 259,400 239,400 What would the predetermined manufacturing overhead rate be, if Healthy Food Company uses direct labor hours as the allocation base? (Round your answer to the nearest cent.) A. $1.78 per direct labor hour B. $1.35 per direct labor hour C. $1.46 per direct labor hour D. $1.64 per direct labor hour