TB MC Qu. 04-36 Simmons Corporation bases its predetermined Sirmons 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 80,000 labor-hours. The estimated variable manufacturing overhead was $10.29 per labor-hour and the estimated total fioxed manufacturing overhead was $1,504,000. The actual labor-hours for the year turned out to be 74,000 labor-hours. The predetermined overhead rate for the recently completed year was closest to: O $10.29 per labor-hour $28.82 per labor-hour O $18.80 per labor-hour O $2909 per labor-hour References TB MC Qu 04-36 Sirmons Corporation bases its Multiple Choice