Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: 
The predetermined overhead rate for the recently completed year was closest to:
Definitions:
Barriers to Entry
Economic, procedural, or regulatory obstacles that prevent new competitors from easily entering an industry or area of business.
Monopolistically Competitive
In a monopolistically competitive market, many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.
Highly Concentrated
Refers to a situation or market in which a few entities or businesses hold a large majority of market share or influence.
Market's Domination
A condition in which one or more firms hold a significant share of the total market sales, limiting competition and possibly leading to higher prices or lower quality for consumers.
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