Doric Agricultural Corporation Uses a Predetermined Overhead Allocation Rate Based

Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost.The manufacturing overhead cost allocated during the year is $280,000.The details of production and costs incurred during the year are as follows: $$\begin{array} { | l | r | } \hline \text { Actual direct materials cost } & \$ 812,000 \\\hline \text { Actual direct labor cost } & \$ 180,000 \\\hline \text { Actual overhead costs incurred } & \$ 264,000 \\\hline \text { Total direct labor hours } & 5,600 \text { hours } \\\hline\end{array}$$ What is the predetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.)

A) 94.29%
B) 68.18 %
C) 155.56%
D) 34.48%