Vanliere Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machining 19, eee 3,000 $138,700 Finishing 11,000 6,000 $52,800 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor hour $ 3.80 During the current month the company started and finished Job A803. The following data were recorded for this job: Machining Finishing Job A893: Machine-hours Direct labor-hours 60 The predetermined overhead rate for the Finishing Department is closest to The predetermined overhead rate for the Finishing Department is closest to: Multiple Choice o $3.98 per direct labor-hour o ss . $8.80 per direct labor-hour o $3.80 per direct labor-hour o $12.60 per direct labor-hour