Spice Simmers provided the following information from its accounting records for 2020: Expected production.. 30,000 labour hours Actual production. .28,000 labour hours Budgeted overhead.. $1,500,000 Actual overhead. $1,450,000 How much is the overhead application rate if Spice Simmers bases the rate on direct labour hours? Select one: O a. $51.79 per direct labour hour O b. $48.33 per direct labour hour O c. $50 per direct labour hour O d. $46.67 per direct labour hour