In 2012,Jim's Renovation Services Used Machine-Hours as the Only Overhead

In 2012,Jim's Renovation Services used machine-hours as the only overhead cost-allocation base.According to his accountant,the following information was reported:

Under the actual-costing system,what was the 2012 budgeted manufacturing rate?

A) $4.00 per machine hour
B) $4.66 per machine hour
C) $4.75 per machine hour
D) $4.95 per machine hour
E) $5.10 per machine hour