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		72,700
Estimated variable manufacturing overhead	$	3.20	per machine-hour
Estimated total fixed manufacturing overhead	$	838,710

The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice

• $14.74 per machine-hour

• $9.60 per machine-hour

• $6.79 per machine-hour

• $8.67 per machine-hour