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 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,500 $ 3.20 per machine-hour $838,750 A 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 $8.64 per machine-hour $6.77 per machine-hour O $14.77 per machine-hour $9.60 per machine-hour