Hayne Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: 
The predetermined overhead rate for the recently completed year was closest to:
Definitions:
Hyperbola
A type of smooth curve lying in a plane, formed by intersecting a double cone; it has two disconnected branches.
Asymptotes
Lines that a graph of a function approaches but never touches, indicating direction of curves infinitely far away.
Hyperbola
A type of smooth curve lying in a plane, formed by the intersection of a double cone with a plane in such a way that both halves of the curve are mirror images of each other.
Graph
The visual representation of data or functions on a coordinate system, showing relationships between variables.
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