Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 46,000 labor-hours. The estimated variable manufacturing overhead was $6.62 per labor-hour and the estimated total fixed manufacturing overhead was $1,324,340. The actual labor-hours for the year turned out to be 43,200 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $35,41 per laborthour $28.79 per labor-hour $6.62 per labor-hour $3771 per labor-hour