Aredetermined Overhead Aate, Apolicatien of Overhead Findiey Compony and Lamon Company both use predetermined overtyead rates to apply manufacturing overhead to proguction, Findley's if based on mbehine hours, and temony is based an materials cost. Iludgeted production and cost data for findley and Lemon are as follows: At the end of the year, Findey Company had incurred overhesd of 3915,000 and had preduced 19,600 units using 47,700 machine hours and matenais costing 1445,000 . Lembn Campany had incufred overhesd of 1972,000 and had produced 61,500 units using 32,650 machini hours and materiais costing 11,777,500. Reguairedi 1. Campute the predetermined overhead rates for Findley Company and Lemon Company, ex rras orverneed dver- or ungerapplied for each company? At the end of the year, Findley Company had incurred overhead of 5915,000 and had precuced 19,600 anits using 47,760 mactirit Nours and materain cesting 5445,000 . Lemon Company had incurred overhesd of 5972,000 and had procuced 61,500 units using 32,650 machine hours and niveriais conting 11,777,500 Requireds 1. Compute the oredetermined overhedd rates for Findley Company and Lemon Company