Phillies Company Had the Following Information The Budgeted Factory-Overhead Rate Using Direct-Labor Costs as the Cost

Phillies Company had the following information: $\begin{array}{l}\text { Budgeted variable factory overhead } & \$ 66,000 \\\text { Budgeted fixed factory overhead } & \$ 46,500 \\& \\\text { Actual variable factory overhead } & \$ 77,500 \\\text { Actual fixed factory overhead } & \$ 62,500\\\\\text { Budgeted cost-driver activity levels: }\\\text { Direct-labor hours } & 30,000 \\\text { Direct-labor costs } & \$ 160,000 \\\text { Machine hours } & 60,000 \\\text { Production setups } & 15,000\\\\\text { Actual cost-driver activity levels: }\\\\\text { Direct-labor hours } & 31,500 \\\text { Direct-labor costs } & \$ 165,600 \\\text { Machine hours } & 56,190 \\\text { Production setups } & 14,280\end{array}$
The budgeted factory-overhead rate using direct-labor costs as the cost driver is _____.

A) 68%
B) 70.3%
C) 80%
D) 72.5%