Gianniti Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead $ 72,600 3.19 per machine-hour 38.770 The predetermined overhead rate for the recently completed year was closest to The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $9.30 per machine-hour $14.65 per machine-hour o 58.66 per machine-hour o $6.82 per machine-hour