Chapters 1 to 1 Electric Car Company listed the following data for the current year Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,085,000 70,000 25,000 1,037,900 71,000 23,600 Assuming Electric Car applied overhead based on machine hours, the company's predetermined overhead rate for the year is. Multiple Choice $43.98 per machine hour $15.00 per machine hour $1462 per machine hour 515 28 per machine hour