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 72,600 Estimated variable manufacturing overhead $3.50 per machine-hour Estimated total fixed manufacturing overhead $838, 790 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $6.64 per machine-hour O $10.50 per machine-hour Drou