Metalica Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $400,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $425,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: Multiple Choice $0.05 per machine hour. $0.06 per machine hour. $16 per machine hour. $17 per machine hour. $20 per machine hour