TB MC Qu. 2-34 (Algo) Giannitti Corporation bases its predetermined... Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,600 $ 3.00 per machine-hour $ 838,730 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.66 per machine-hour $9.00 per machine-hour $14.55 per machine-hour $6.87 per machine-hour