Answer the Following Questions Using the Information Below:
Bauer Manufacturing

Answer the following questions using the information below:
Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 20X3, the following estimates were provided for the coming year:
$\begin{array}{lrr}&\text { Machining }&\text { Assembly }\\\text { Direct labor-hours } & 30,000 & 60,000 \\\text { Machine-hours } & 80,000 & 20,000 \\\text { Direct labor cost } & \$ 500,000 & \$ 900,000 \\\text { Manufacturing overhead costs } & \$ 420,000 & \$ 240,000\end{array}$ The accounting records of the company show the following data for Job #316:
$$\begin{array} { l r r } & \text { Machining } & \text { Assembly } \\\text { Direct labor-hours } & 120 & 70 \\\text { Machine-hours } & 60 & 5 \\\text { Direct material cost } & \$ 300 & \$ 200 \\\text { Direct labor cost } & \$ 100 & \$ 400\end{array}$$
-For Bauer Manufacturing,what is the annual manufacturing overhead cost-allocation rate for the Machining Department?

A) $4.00
B) $4.20
C) $4.67
D) $5.25