ongobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of he most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 30,600 labor-hours. The stimated variable manufacturing overhead was $5.81 per labor-hour and the estimated total fixed manufacturing overhead was 8891,990 . The actual labor-hours for the year turned out to be 27,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $5.81 per labor-hour $39.48 per labor-hour $29.15 per labor-hour $34.96 per labor-hour