The Following Information Was Gathered for Red Sox Company Assume the Cost Driver Is Direct-Labor Hours

The following information was gathered for Red Sox Company: $$\begin{array} { l r } \text { Budgeted direct-labor hours } & 34,000 \\\text { Actual direct-labor hours } & 30,400 \\\text { Budgeted factory overhead } & \$ 144,500 \\\text { Actual factory overhead } & \$ 151,980\end{array}$$ Assume the cost driver is direct-labor hours.The budgeted factory-overhead rate is _____.

A) $4.45
B) $4.63
C) $4.25
D) $4.84

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