North Company budgets overhead costs for the next year of $3,700,000 for indirect labor and $890,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 125,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? Multiple Choice $0.0272 per machine hour $29.60 per machine hour $36.72 per machine hour $712 per machine hour