The Following Information Was Gathered for Nittany Lions Company Assume the Cost Driver Is Direct- Labor Hours

The following information was gathered for Nittany Lions Company: $\begin{array}{ll}\text { Budgeted direct-labor hours } & 34,000 \\\text { Actual direct-lab or hours } & 32,400 \\\text { Budgeted f actory overhead } & \$ 144,500 \\\text { Actual factory ov erhead } & \$ 149,980\end{array}$ Assume the cost driver is direct- labor hours. The budgeted factory- overhead rate is:

A) $4.25
B) $4.84
C) $4.63
D) $4.45