Surmons Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 110.000 labor-hours. The estimated variable manufacturing overhead was $11. 21 per lobor-hour and the estimated total fixed manufacturing overhead was $1.674700. The actual labor-hours for the year tumed out to be 74,000 tabor-hours. The predetermined overhead rate for the recently completed year was closest to: $11.21 per labor hour $26.43 per labor-hour $26 16 per labor hour $15.22 per lobor-hour