USC Company has the following information available:

Budgeted factory overhead costs$90,000

Actual factory overhead costs$80,000

Budgeted direct labor hours20,000

Actual direct labor hours21,000

Assume direct labor hours are the cost driver of factory overhead costs. The budgeted factory overhead rate is ________.

Group of answer choices

$3.57 per direct labor hour

$3.81 per direct labor hour

$4.00 per direct labor hour

$4.50 per direct labor hour