Builder Giant Estimates the Following Overhead Costs for 2017 Builder Giant Incurred the Following Costs for 2017 for Job

Builder Giant estimates the following overhead costs for 2017: $$\begin{array} { l r } \text { Equipment depreciation } & \$ 30,000 \\\text { Equipment maintenance } & 64,000 \\\text { Factory management salaries } & 150,000 \\\text { Factory rent } & 50,000 \\\hline \text { Total manufacturing overhead } & \$ 294,000\end{array}$$ Builder Giant incurred the following costs for 2017 for job A56: $$\begin{array} { l l } \text { Direct material } & \$ 40,000 \\\text { Direct labor } & \$ 12,800\end{array}$$
Other jobs incurred $183,200 of direct labor.Builder Giant also budgeted $210,000 in direct labor costs and 20,000 machine hours for 2017.Actual manufacturing overhead for 2017 was $336,000.How much is the predetermined overhead rate using direct labor cost as the allocation base?

A) $14.70
B) $1.60
C) $1.50
D) $1.40