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Hibshman Corporation aces its predetermined overhead rate on the estimated machine-hours for the upcoming year

Accounting

Hibshman Corporation aces its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year. the Corporation estimated the machine-hours for the upcoming year at 10.000 machine-hours. The estimated variable manufacturing overhead was 46.82 per machine-hour and the estimated total fixed manufacturing overhead was 4230.200. The predetermined overhead rate for the recently completed year was closest to: 
A. 429.84 per machine-hour 29. B. 423.15 per machine-hour C. 423.02 per machine-hour

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