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 72,300 $ 3.20 per machine-hour $838,790 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $14.80 per machine-hour $6.76 per machine-hour $9.60 per machine-hour 58,62 per machine-hour