ABC Company Listed the Following Data for the Current Year

ABC Company listed the following data for the current year: $\begin{array}{lr}\text { Budgeted factory overhead } & \$ 1,044,000 \\\text { Budgeted direct labor hours } & 69,600 \\\text { Budgeted machine hours } & 24,000 \\\text { Actual factory overhead } & 1,037,400 \\\text { Actual labor hours } & 72,600 \\\text { Actual machine hours } & 23,600\end{array}$ Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is:

A) $43.95 per direct labor hour.
B) $15.50 per direct labor hour.
C) $15.00 per direct labor hour.
D) $14.28 per direct labor hour.
E) $14.00 per direct labor hour.