Tarrant Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: 
Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The departmental predetermined overhead rate in the Casting Department is closest to:
Definitions:
Multicollinearity
A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially affecting the stability of the model.
Linear Regression
A statistical method to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.
Predictor Variables
Variables in statistical models that are used to predict or explain changes in a dependent variable.
Correlation Matrix
A table showing correlation coefficients between variables, indicating the strength and direction of relationships.
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