Chapter 11, Problem 28Q

I am searching for the correct answer to this general accounting problem with proper accounting rules.

General accounting

Please provide the correct answer to this general accounting problem using accurate calculations.

Need help this question

Champ Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor-hours. The estimated variable manufacturing overhead was $3.50 per labor-hour, and the estimated total fixed manufacturing overhead was $2,400,000. The actual labor-hours for the year turned out to be 75,500 labor-hours. What was the predetermined overhead rate for the recently completed year closest to?

Can you help me solve this financial accounting question using valid financial accounting techniques?

Correct answer please general account

Can you solve this general accounting problem with appropriate steps and explanations?

I need help