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 per machine- overhead $ 3.01hour Estimated total fixed manufacturing 1,058,0 overhead $ 40 The predetermined overhead rate for the recently completed year was closest to: A) $32.40 per machine-hour OB) $29.39 per machine-hour OC) $32.81 per machine-hour D) $3.01 per machine-hour