Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239.700 and 4,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242.000 and actual direct labor-hours were 4,600. The predetermined overhead rate for the year was closest to: Multiple Choice S5100 $49 91 55149 55261