Help Save & Exit Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $240,200 and 4,780 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242.000 and actual direct labor-hours were 4,610. The predetermined overhead rate for the year was closest to: Multiple Choice $52.49 $48.46 O $50.25 $50.63