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4.7.1 Topley Ltd manufactures a variety of products. The budgeted costs and estimated operating information...

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Accounting

4.7.1 Topley Ltd manufactures a variety of products. The budgeted costs and estimated operating information are as follows:
\table[[Accounting information,],[Machine set-ups,250000],[Inspections,187500],[Materials handling,375000],[Materials procurement,437500],[Production,625000],[Total overheads,1875000],[Operating information,],[Machine hours,50000],[Material usage (kg),250000],[Machine set-ups,1000],[Purchase orders,12500],[Inspections,1500]]
Required
Calculate a single overhead rate for the entire plant using machine hours as the basis for allocation.
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