Hogwarth Company uses a predetermined overhead rate based on machine hours to apply Manufacturing Overhead (MOH) to jobs. The budget for the year is given below. Quiditch estimates the 5,000 Direct Labour Hours and 10,000 Machine Hours will be required in the next year. What is the predetermined OH rate per hour? Direct materials Direct labour Sales commissions Production supervisor salary Indirect Materials Advertising Factory equipment rent $10,000 $30,000 $40,000 $20,000 $4,000 $8,000 $10,000 None of the options provided are correct. O $6.40 O $3.80 O $4.60 $3.40