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 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 40,600 6.54 per machine-hour $944,762 Actual machine-hours for the year 36,700 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $29.81 per machine-hour $29.18 per machine-hour $23.27 per machine-hour $6.54 per machine-hour