2 (0.5 points) Listen Estimates made at the beginning of the year: Estimated machine-hours............. 62,000 Estimated variable manufacturing overhead $7.03 per machine-hour Estimated total fixed manufacturing overhead........ $1,486, 140 Actual machine-hours for the year. 61, 100 Aksamit Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear above: The predetermined overhead rate for the recently completed year was closest to: $23.97 $31.00 $7.03 $31.35