emaining Time: 59 minutes, 46 seconds. uestion Completion Status: O$218,000 QUESTION 8 Housholder Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from the beginning of the year Estimated activity level from the beginning of the year Actual total fixed manufacturing overhead Actual activity level $310,000 20,000 machine-hours $ 338,000 18,300 machine-hours The predetermined overhead rate is closest to: O $15.50 $16.94 O $18.47 $16.90 OUESTIONO