Hele The management of Pitt Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity of capacity. The company's controlleras provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated work of the location base for the upcoming year is 58,000 machine hours. Capacity is 78,000 machine hours and the actual level of activity for the year is assumed to be 75.500 machine hours of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year we umed to be 17049 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job 20L which required 440 machine Hous If the company bases its predetermined overhead rate on capacity, then the amount of manufacturing overhead charged to Job 2201 s closest to Multiple Choice $35 692 80 $2741963 O $20 388 96