Caber Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $60,700. Actual manufacturing overhead for the year amounted to $50,000 and actual machine-hours were 5,000. The company's predetermined overhead rate for the year was $10.10 per machine-hour. The applied manufacturing overhead for the year was closest to: -14 Multiple Choice $50,500 $49.507 $48.927 $51.510