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 34 700 labor hours. The estimated variable manufacturing overhead was $5 66 per labor hour and the estimated total foved manufacturing overhead was $902.200. The actual labor hours for the year turned out to be 32.100 labor-hours. The predetermined overhead rate for the recently completed year was closest to Multiple Choice $34.22 per labor-hour $566 per labor hour o 526.00 per Inbor hour $3166 per labor hour