Rummaze Crafts, an artificial intelligence (AI) inspired robotic company specializing in the use of Al to manufacture handcrafted wooden sculptures, anticipates incurring $250,000 in fixed manufacturing overhead total and $40 in variable manufacturing overhead for each machine hour this year. Rummaze expects to utilize 2,500 machine hours during the year. However, the actual overhead incurred for the year amounts to $350,000, with actual machine hours reaching 3,000. Calculate the predetermined overhead rate. $123.33 per machine hour $100.00 per machine hour $140.00 per machine hour $180.00 per machine hour