90 minutes Help Save & Exit Submit Longobardi Corporation bases its predetermined overhead rate on the estimate d labor-hours for the upcoming year. At the beginning of the most the labor-hours for the upcoming year at 45,500 labor-hours. The estimated variable manufactur overhead was $5.49 per labor-hour and the to be 41,600 la ing e estimated total fixed manufacturing overhead was $1.037,855. The actual labor-hours for the year turned out The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $5.49 per labor-hour $22.81 per labor-hour $30.95 per labor-hour $28.30 per labor-hour