Archangel Manufacturing Calculated a Predetermined Overhead Allocation Rate at the Beginning

Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs.The production details for the year are given below: $\begin{array}{|l|r|}\hline\text { Total manufacturing overhead costs estimated at the beginning } \\\text { of the year } & \$ 140,000 \\\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 320,000\\\hline& 12,000 \text { direct labor } \\\text { Total direct labor hours estimated at the beginning of the year }&\text {hours}\\\hline \text { Actual manufacturing overhead costs for the year } & \$ 160,000 \\\hline \text { Actual direct labor costs for the year } & \$ 370,000 \\\hline \text { Actual direct labor hours for the year } & 11,200 \text { direct labor } \\&\text { hours }\\\hline\end{array}$
Calculate the manufacturing overhead allocation rate for the year based on the above data.(Round your final answer to two decimal places.)

A) 43.75%
B) 264.29%
C) 11.43%
D) 25.00%