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 49,300 Estimated variable manufacturing overhead $ 6.37 per machine-hour Estimated total fixed manufacturing overhead $ 997,832 Actual machine-hours for the year 45,800 The predetermined overhead rate for the recently completed year was closest to:

$26.16 per machine-hour

$26.61 per machine-hour

$6.37 per machine-hour

$20.24 per machine-hour