Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following...

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Accounting

Acton 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......$139,080
Estimated machine hours.................................3,800
Actual Manufacturing Overhead.............$137,000
Actual machine hours........................................3,780
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:
Group of answer choices
$36.60
$36.41
$36.24
$36.05

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