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		72,600
Estimated variable manufacturing overhead	$	3.30	per machine-hour
Estimated total fixed manufacturing overhead	$	838,750

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

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 72,600 $ 3.30 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.66 per machine-hour $9.90 per machine-hour $6.73 per machine-hour $14.85 per machine-hour