1. Pinacle Corp. budgeted $232,460 of overhead cost for the current year. Actual overhead costs for the year were $218,240. Pinacle's plantwide allocation base, machine hours, was budgeted at 54,300 hours. Actual machine hours were 55,210. A total of 105,120 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is:

   a.$2.21 per machine hour

   b.$2.08 per machine hour

   c.$4.02 per machine hour

   d.$4.28 per machine hour