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The Thomlin Company forecasts that total overhead for the current year will be $ 1 5 , 0 0 0 , 0 0 0 and

The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 300,000 hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
$50 per machine hour
$48 per machine hour
$53 per machine hour
$45 per machine hour
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