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 Estimated machine-hours Actual manufacturing overhead Actual machine-hours $157,800 4,650 $157,500 4,880 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: ompany's predetermined overhead rate for the year. predetermined overhead rate is closest to: Multiple Choice $33.94 $32.27 O O $33.87 $42.62 O O