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Acer Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $224,550 Estimated machine hours 4.500 Actual manufacturing overhead $224,000 Actual machine hours 4,440 The estimates of the manufacturing overhead and of machine?hours were made at the beginning of the year for the purpose of computing the company?s predetermined overhead rate for the year. The predetermined overhead rate is closest to: $49.23 $49.90 $49.78 $50.45