The following data relates to Black-Out Company's estimated amounts for next year. Estimated: Department 1 $300,000 Department 2 $400,000 Manufacturing overhead costs Direct labor hours Machine hours 60,000 DLH 1,000 MH 80,000 DLH 2,000 MH What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.) $233.33 per MH $150.00 per MH $100.00 per MH $4.90 per MH $5.00 per MH