TB MC Qu. 2-23 (Algo) Longobardi Corporation bases its predetermined overhead... Longobardi 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 Corporation estimated the labor-hours for the upcoming year at 35,700 tabor-hours. The estimated variable manufacturing overhead was $5,93 per labor-hour and the estimated total foced manufacturing overhead was $805,392. The actual labor-hours for the year turned out to be 33,200 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Muttiple Choice $28.49 per labor bour 522.56 per labor-hout \$5.93 per baborthour 530.54 per loboflout