content area top Part 1 The following data is given for Thompson Company: Actual overhead costs $ 560 comma 000 Budgeted overhead costs $ 460 comma 000 Actual machine hours 47 comma 000 hours Budgeted machine hours 45 comma 025 hours What is the standard overhead allocation rate using machine hours for the allocation base? (Round the final answer to the nearest cent.) Question content area bottom Part 1 A. $ 10.22 per machine hour B. $ 11.91 per machine hour C. $ 12.44 per machine hour D. $ 9.79 per machine hour