Buncombe Company Presents the Following Cost Data for 2009 What Is the Manufacturing Overhead Rate?
A) 76% of Direct

Buncombe Company presents the following cost data for 2009:
$$\begin{array} { | l | l | } \hline \text { Estimated manufacturing overhead costs } & \$ 240,000 \\\hline \text { Estimated direct labor cost } & \$ 300,000 \\\hline \text { Estimated direct labor hours } & 30,000 \\\hline \text { Actual direct labor cost } & \$ 315,000 \\\hline \text { Actual direct labor hours } & 33,000 \\\hline \text { Allocation base: Direct labor cost } & \\\hline \text { Other expenses: } & \\\hline \text { Factory depreciation on equipment } & \$ 65,300 \\\hline \text { Factory rent } & \$ 51,000 \\\hline \text { Factory utilities } & \$ 28,900 \\\hline \text { Factory property taxes } & \$ 26,000 \\\hline \text { Indirect labor } & \$ 23,800 \\\hline \text { Indirect materials } & \$ 32,000 \\\hline \text { Sales commissions } & \$ 52,500 \\\hline\end{array}$$ What is the manufacturing overhead rate?

A) 76% of direct labor cost
B) 125% of direct labor cost
C) 80% of direct labor cost
D) 105% of direct labor cost