Almaraz Corporation has two manufacturing departments-Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Finishing Total Estimated total machine-hours (MHS) 7,000 3,eee 10,000 Estimated total fixed manufacturing overhead cost $40,600 $8,100 $48,700 Estimated variable manufacturing overhead cost per machine-hour $ 1.30 $ 2.80 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. That predetermined manufacturing overhead rate is closest to Multiple Choice Multiple Choice O O $6.62 - O $4.87 O $4.10 O $7.10