Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginring of the most recently completed year, the Corporation estimated the lobor-hours for the upcoming year at 35.700 lobor-hours. The estimated variable manufacturing overhead was $5.93 pet lobor hour and the estimated total fixed manufacturing overhead was $805 292. The actual labor hours for the year turned out to be 33.200 bor hours. The predetermined overhead rate for the recently completed year was closest to Mimple Choice 55.93 per bort $22.56 perabot 306