Answer the Following Questions Using the Information Below

Multiple Choice

Answer the following questions using the information below:
For 2014, Thomas Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 70,000.
-Using job costing,the 2014 budgeted manufacturing overhead rate is ________.

A) $6.50 per machine-hour
B) $4.80 per machine-hour
C) $5.50 per machine-hour
D) $6.00 per machine-hour