The Following Information Is Provided for the Year -Refer to the Figure

Multiple Choice

The following information is provided for the year:
$\begin{array}{lr}\text { Actual direct labour hours worked } & 36,000 \\\text { Budgeted overhead } & \$ 300,000 \\\text { Budgeted direct labour hours } & 30,000 \\\text { Actual overhead costs incurred } & \$ 360,000\end{array}$
-Refer to the figure.What is the actual overhead rate for applying manufacturing overhead?

A) $7.14
B) $7.50
C) $10.00
D) $10.50