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	$ 157,950
Estimated machine-hours	4,680
Actual manufacturing overhead	$ 157,800
Actual machine-hours	4,940

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:

		$33.72
		$44.52
		$31.94
		$33.75