Predetermined overhead rate - 2 minutes Sophisticated Sandals makes sandals that are customized to each customer's feet. The Company applies its manufacturing overhead on the basis of machine hours. Manufacturing overhead is expected to be $368,000 and the Company projects it will work 20,000 machine hours. During the year, actual manufacturing overhead was $352.000 and actual machine hours were 19.500. What is the predetermined overhead rate? Select one: a. $18.05 b. $18.87 c. $17.60 d. $18.40