The Smith Cоmpаny fоrecаsts thаt tоtal overhead for the current year will be $11,004,000 with 160,000 total machine hours. Year to date, the actual overhead is $7,579,000 and the actual machine hours are 80,000 hours. If the Smith Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.