TB MC Qu$.04-157($Algo$)$ North Company budgets overhead...

North Company budgets overhead costs for the next year of $$5,340,000$ for indirect labor and $$560,000$ for factory utilities. The company uses machine

hours as its overhead allocation base. If $75,000$ machine hours are planned for this next year, what is the company's plantwide overhead rate?

Multiple Choice

$$0\mathrm{.}0127$ per machine hour.

$$71\mathrm{.}20$ per machine hour.

$$78\mathrm{.}67$ per machine hour.

$$7\mathrm{.}47$ per machine hour.

$$0\mathrm{.}1339$ per machine hour.