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