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 $240,100 and 4,710 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,000 and actual direct labor-hours were 4,610.

The predetermined overhead rate for the year was closest to:

Multiple Choice

• $52.71

• $49.89

• $50.98

• $51.59