The following data is given for Mandell Company: $1,400,000 Actual overhead costs Budgeted overhead costs Budgeted machine hours Actual machine hours $1,300,000 160,000 hours 149,000 hours What is the standard overhead allocation rate using machine hours for the allocation base? (Round the final answer to the nearest cent.) OA. $8.75 per machine hour OB. $8.72 per machine hour OC. $9.40 per machine hour OD. $8.13 per machine hour 1