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Roget Factory has budgeted factory overhead for the year at $5,229,900. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 351,000, and budgeted machine hours are 750,000. Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate (rounded to the nearest cent) for the year is

a. $7.45

b. $19.37

c. $14.90

d. $71.52