Saved Help Save & Exit Submit Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,700 and 4,740 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor-hours were 4,670. The predetermined overhead rate for the year was closest to: D1 Multiple Choice $49.82 $51.05 $51.82 $50.57