Kerrian Corporation  bases its predetermined overhead rate o…

Kerrian Corporation  bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year:       Estimated machine-hours   31,400   Estimated variable manufacturing overhead $ 5.66   Estimated total fixed manufacturing overhead $ 617,638     Actual machine-hours for the year   27,500   The predetermined overhead rate for the recently completed year was closest to: