Acitelli 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 $312,360 7,600 $313,360 7,660 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 $41.10 $41.40 $40.91 $41.23