Ramapo Company produces two products, Blinks and Dinks. They are inanufactured in two departments, Fabrication and Assembly. Data for the products and departments are as follows: All of the machine hours take place in the Fobrication department, which has an estimated overhead of $107,000. All of the iabor hours take place in the Assembly department, which has an estimated total overhead of $95,900. Ramapo Company uses a single plantwide overhead rate to apply all factory overheod costs. The single plantwide rate (rounded to the nearest cent), if it is based of machine hours instead of labor hours, is a. $2204 per machine beur b. \$7.06 ger maxhine bour c. 59.51 pur machine hour d. 511.98 per mackine hing