The Thomlin Company Forecasts That Total Overhead for the Current

The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 300,000 hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?

A) $48 per machine hour
B) $53 per machine hour
C) $45 per machine hour
D) $50 per machine hour