Giles Inc Giles Inc

Giles Inc. Giles Inc. manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200.
Refer to the Giles Inc. information above. What was the predetermined overhead rate?

A) $10.00 per machine hour
B) $ .10 per machine hour
C) $ 9.80 per machine hour
D) $10.58 per machine hour