The predetermined manufacturing overhead rate is the estimated manufacturing overhead rate computed at the beginning of the year.
Overhead refers to the expenses which are of indirect nature, that are not involved in the manufacturing expenses. These expenses help in the production activities such as office expenses, distribution expenses etc.
Predetermined manufacturing overhead rate refers to the rate which has been predicted before the occurrence of such type of expenses. Therefore, it can be concluded that predetermined manufacturing overhead rate is the correct option for the blank.
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