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Blue Sky Incorporated listed the following data for the current year: Budgeted factory overhead $ 1,271,000 Budgeted direct labor hours 82,000 Budgeted machine hours 41,000

Blue Sky Incorporated listed the following data for the current year: Budgeted factory overhead $ 1,271,000 Budgeted direct labor hours 82,000 Budgeted machine hours 41,000 Actual factory overhead 1,201,000 Actual direct labor hours 86,300 Actual machine hours 39,400 Assuming Blue Sky Incorporated applied overhead based on machine hours, the firm's predetermined overhead rate for the current year rounded to 2 decimal places is: Multiple Choice $28.42 per machine hour. $32.25 per machine hour. $31.00 per machine hour. $33.50 per machine hour. $37.41 per machine hour

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