A furniture manufacturer uses a standard costing system in which standard machine-hours (MH) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 14 2,100 MHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead cost $ 21,200 $ 24,370 20:11:18 The following data pertain to operations for the most recent period: cBook Actual hours Standard hours allowed for the actual output Actual total variable manufacturing overhead cost Actual total fixed manufacturing overhead cost 2,000 MHS 2,140 MHs $ 18,440 $ 25, 560 The predetermined overhead rate is closest to: Multiple Choice O $20.95 per hour O $22.00 per hour $22.79 per hour O $21.70 per hour