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Current Attempt in Progress Blossom Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs.
Current Attempt in Progress Blossom Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $61,200 $4,700 Direct labor $25,500 $3,100 Manufacturing overhead costs $73,440 Machine hours 91,800 1,410 During 2022, the actual machine hours totaled 96,900, and actual overhead costs were $72,200. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 52.75) Predetermined overhead rate per machine hour
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