9 Levron Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed unber of units in the ob Total machine-hours Direct materials Direct labor cost 20 80 $ 500 $2,640 The predetermined overhead rate is closest to: Multiple Choice $2 90 per machine-hour $200 per machine-hour $4.90 per machine-hour $6.90 per machine-hour