Doric Agricultural Corporation Uses a Predetermined Overhead Allocation Rate Based

Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost. The manufacturing overhead cost allocated during the year is $270,000. The details of production and costs incurred during the year are as follows: $$\begin{array} { | l | r | } \hline \text { Actual direct materials cost } & \$ 811,500 \\\hline \text { Actual direct labor cost } & \$ 170,000 \\\hline \text { Actual overhead costs incurred } & \$ 260,000 \\\hline \text { Total direct labor hours } & 5580 \text { hours } \\\hline\end{array}$$ What is the predetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.)

A) 96.30%
B) 65.38%
C) 158.82%
D) 33.27%