This Test: 100 pts positi Cooper's Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retalers. Cooper's Bags Company sells the bags in cases of 1,200 begs. The bags come in three sizes: Large, Medium, and Smail. Currently, Cooper's Bags Company uses a single plant-wide overhead rate to allocate ts $4,962,000 of anus manufacturing overhead. Of this amount, $2,240,000 is associated with the Large Bag Ine, $3,413,000 is associated with the Medium Bag Ine, and $3,299.000 associated with the Small Bag Ine Cooper's Bags Company is currently running a total of 39,000 machine hours: 14,000 in the Large Bag line, 14,000 in the Medium Bag line, and 10,400 in the Small Bag Ins. Coopers Rage Company uses machine hours as the cost driver for manufacturing overhead costs The plant-wide manufacturing overhead rate would be closest to (Round your final answer to the nearest cent.) OA. $57.44 par machine hour. B. $233.77 per machine hour c. $160.00 per machine hour. OD. $229.54 per machine hour