Next year, Oak Industries expects to spend a total of $204,400$ machine hours producing five different products, while Maple Industries expects to spend a total of $212,600$ machine hours producing six different products. Both firms allocate overhead on the basis of machine hours. If Oak anticipates a total overhead of $$449,680$ and Maple anticipates a total overhead of $$467,720,$ then

Oak has a higher predetermined overhead rate.

Maple has a higher predetermined overhead rate.

we cannot make any conclusions about either firm's predetermined overhead rate.

both firms have the same predetermined overhead rate.