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 38,100 labor-hours. The estimated variable manufacturing overhead was $5.55 per labor-hour and the estimated total fixed manufacturing overhead was $872.109. The actual labor-hours for the year turned out to be 34,500 labor-hours. The predetermined overhead rate for the recently completed year was closest to: