Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations $157,350 Estimated manufacturing overhead Estimated machine-hours 4,560 Actual manufacturing overhead $156,600 Actual machine-hours 4,700 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The predetermined overhead rate is closest to: Multiple Choice $33.32 $34.51 $34.34 $38.52