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47 Glannitti Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year, Data for the upcoming year appear below 8003057 Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,800 $ 3.50 per machine-hour $838,780 The predetermined overhead rate for the recently completed year was closest to $10.50 per machine-hour $8.68 per machine-hour $15.02 per machine-hour $6.66 per machine-hour