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	$	382,500
Estimated machine-hours		9,000
Actual manufacturing overhead	$	383,500
Actual machine-hours		9,060

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:

• $42.80

• $42.33

• $42.50

• $42.61