Christofferse Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year....
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Accounting
Christofferse Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:
Estimates made at the beginning of the year:
Estimated Machine Hours... 38,000
Estimated variable manufacturing overhead....... $3.33 per machine-hour
Estimated total fixed manufacturing overhead....... $548,720
Actual machine-hours for the year 33,700
Question:
Compute the companys predetermined overhead rate for the recently completed year.
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