Longobardi corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. at the beginning of the most recently completed year, the corporation estimated the labor-hours for the upcoming year at 49,500 labor-hours. the estimated variable manufacturing overhead was $5.35 per labor-hour and the estimated total fixed manufacturing overhead was $1,292,940. the actual labor-hours for the year turned out to be 47,100 labor-hours. the predetermined overhead rate for the recently completed year was closest to:
multiple choice
$31.47 per labor-hour
$26.12 per labor-hour
$5.35 per labor-hour
$33.07 per labor-hour