- Adobe Reader DC PostFinal med D YURTULUS Manufacturing Overhead S11.200 Raw Materials $11.200 12. Busey Corporation bases its predetermined overhead rate on the estimated machine- hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 14,000 machine hours. The estimated variable manufacturing overhead was $9.55 per machine hour and the estimated total fixed manufacturing overhead was $322,280. The predetermined overhead rate for the recently completed year was closest to A) S32 57 per machine-hour B) S30,41 per machine-hour C) $23.02 per machine-hour D) 59.55 per machine-hour Overapplied manufacturing overhead means that: A) the applied manufacturing overhead cost was less than the actual manufacturing