Question
Cline Company has two manufacturing departments-- Drafting and Welding --and the company started, completed, and sold only two jobs during the month (A and B).
Cline Company has two manufacturing departments--Drafting and Welding--and the company started, completed, and sold only two jobs during the month (A and B). The following information is available for the company as a whole.
| Estimations | Drafting | Welding |
| Machine Hours (in units) | 980 MHs | 3,258 MHs |
| Total Fixed Manufacturing Overhead | $9,697 | $14,886 |
| Variable Manufacturing Overhead per MH | $1.53/MH | $3.07/MH |
What was the predetermined overhead rate (per machine hour) in the Drafting department for the month? Round your answer to two decimals.
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Accounting Fundamentals For Health Care Management
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
4th Edition
128426520X, 978-1284265200
