Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:

Estimates made at the beginning of the year:
Estimated machine-hours		40,600
Estimated variable manufacturing overhead	$	6.54	per machine-hour
Estimated total fixed manufacturing overhead	$	944,762
Actual machine-hours for the year		36,700

The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice

• $29.18 per machine-hour

• $29.81 per machine-hour

• $6.54 per machine-hour

• $23.27 per machine-hour