Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.

Estimated manufacturing overhead	$ 158,050
Estimated machine-hours	4,700
Actual manufacturing overhead	$ 158,000
Actual machine-hours	4,980

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:

		$31.73
		$33.62
		$45.52
		$33.63