Loise Inc., a manufacturing company, forecasts that total overhead for the current year will be $19,250,000, and total machine hours will be 350,000 hours. However, the actual overhead is $6,095,000, and the actual machine hours are 142,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is the predetermined overhead rate? a. $192 per machine hour b. $55 per machine hour c. $43 per machine hour d. $23 per machine hour