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 20,900 machine-hours. The estimated variable manufacturing overhead was $6.67 per machine-hour and the estimated total fixed manufacturing overhead was $558,030. The predetermined overhead rate for the recently completed year was closest to: OA) $6.67 per machine-hour B) $26.70 per machine-hour C) $32.37 per machine-hour D) $33.37 per machine hour