Check my Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 31,900 labor-hours. The estimated variable manufacturing overhead was $6.05 per labor-hour and the estimated total fixed manufacturing overhead was $911,383. The actual labor-hours for the year turned out to be 28,500 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $34.62 per labor-hour $38.75 per labor-hour $28.57 per labor-hour $6.05 per labor-hour