Glannitti 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 $ 3.00 per machine-hour $838,790 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $6.97 per machine-hour $14.95 per machine-hour 50.66 per machine-hour 59.00 per machine. our