The Equinox Fabrication Plant Suffered a Fire Incident in August,and

The Equinox Fabrication Plant suffered a fire incident in August,and most of the records for the year were destroyed.The following accounting data for the year were recovered:

The company bases its manufacturing overhead allocation on the number of direct labor hours.What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent. )

A) $40.38
B) $1.86
C) $31.55
D) $73.60