The management of Featheringham Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to ustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 60,200 machine-hours. Capacity is 73.200 machine hours and the actual level of activity for the year is assumed to be 57,200 machine-hours. All of the manufacturing overhead is free and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $2.837.964 per year it is assumed that a number of jobs were worked on during the year, one of which was Job ZTW which required 350 machine-hours. If the company bases its predetermined overhead rate on capacity, then the predetermined overhead rate is closest to Multiple Choice O $49.92 per machine hour 0 $45.63 per machine hour C) $474 per machine hour