Printex Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2021, manufacturing overhead cost estimates total $504,000 for an annual production capacity of 12 million pages. For 2021 Printex Printers has decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis:

What is the cost driver rate if total manufacturing overhead costs are considered one large cost pool and are assigned based on 12 million pages of production capacity?

$0.12 per page

$0.42 per page

$0.042 per page

$0.03 per page