Giannitti 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 36,000 Estimated variable manufacturing overhead $3.01 per machine-hour Estimated total fixed manufacturing overhead $1,058,040 The predetermined overhead rate for the recently completed year was closest to: $29.39 per machine-hour $3.01 per machine-hour $32.40 per machine-hour $32.81 per machine-hour 24 27 Thach 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 total fixed manufacturing overhead cost of $665,000, variable manufacturing overhead of $3.00 per machine hour, and 70,000 machine-hours. Recently, Job T321 was completed with the following characteristics: Number of units in the job 30 Total machine-hours Direct materials $ 630 Direct labor cost $2,880 The unit product cost for Job T321 is closest to: 30 90 33 36 $117.00 $154.50 39 $58.50 $51.50 Hide