Flambe Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 22,700 machine-hours. The estimated variable manufacturing overhead was $9.70 per machine-hour and the estimated total fixed manufacturing overhead was $628,790. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $9.70 per machine-hour. $37.40 per machine-hour. $34.30 per machine-hour.