Northwest Company uses a predetermined overhead rate based on estimated machine-hours for the upcoming year Data for the most recently completed year appear below. Estimates made at the beginning of the year: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead Actual machine-hours for the year 37,800 $ 5.91 per machine-hour $795,690 34,000 The predetermined overhead rate for Northern for the recently completed year was closest to: