Keeran Corporation estimates that its variable manufacturing overhead is $$5\mathrm{.}40$ per machine$-$hour and its fixed manufacturing overhead is $$241,800$ per period.

If the denominator level of activity is $6,200$ machine$-$hours, the predetermined overhead rate would be:

Multiple Choice

$$540\mathrm{.}00$ per machine$-$hour

$$5\mathrm{.}40$ per machine$-$hour

$$44\mathrm{.}40$ per machine$-$hour