The following information was gathered for Rania Company for the year ended December 31, 2020. Budgeted Direct labor-hours 75,000 and Actual Direct labor-hours 77.500, Budgeted manufacturing overhead costs $525,000 and Actual manufacturing overhead costs $558.000. Assume that direct labor-hours are the cost-allocation base. The budgeted factory overhead rate is: Select one: O a. $72 b. $7.44 O c. 57 d. 57.1