Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead$157,050Estimated machine-hours 4,500Actual manufacturing overhead$156,000Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.The predetermined overhead rate is closest to:
A. $34.90
B. $34.06
C. $35.52
D. $34.67
Answer: A
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