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 Select answer from the options below Maple has a higher predetermined overhead rate. both firms have the same predetermined overhead rate. we cannot make any conclusions about either firm's predetermined overhead rate. Oak has a higher predetermined overhead rate