The following data from the analysis of overhead variances for DC Furniture Company are available for the most recent year of operations.Standard machine hours per unit of product4hoursStandard variable-overhead rate per machine hour$8.00Budgeted fixed overhead costs$50,000Budgeted production in units25,000Variable overhead spending variance$72,000UnfavorableFixed overhead budget variance$15,000UnfavorableActual total overhead costs incurred$713,000Total overhead costs applied to production$816,000The actual overhead variable cost rate per machine hour for the most recent year is CLOSEST to:

A.$10.83

B.$8.16

C.$7.13

D.$6.48

E.$9.00