Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 64,900 machine-hours. The estimated variable manufacturing overhead was $4.97 per machine-hour and the estimated total fixed manufacturing overhead was $1,858,087. The predetermined overhead rate for the recently completed year was closest to

: Question 29 options: A) $33.60 per machine-hour

B) $4.97 per machine-hour

C) $28.63 per machine-hour

D) $32.60 per machine-hour