Dejarnette Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000 Total fixed manufacturing overhead cost $ 416,000 Variable manufacturing overhead per machine-hour $ 3.10 The predetermined overhead rate is closest to: Multiple Choice $8.30 per machine-hour $11.40 per machine-hour $5.20 per machine-hour $3.10 per machine-hour