Current Attempt in Progress Sheffeld Stairs Co. designs and builds factory-made premium wooden stairways for homes. The manufactured stairway components (spindles, risers, hangers, hand rails) permit installation of stairways of varying lengths and widths. All are of white oak wood. Budgeted manufacturing overhead costs for the year 2022 are as follows. For the last 4 years, Sheffield Stairs Co. has been charging overhead to products on the basis of machine hours. For the year 2022 , 100,000 machine hours are budgeted. Jeremy Nolan, owner-manager of Sheffield Stairs Co., recently directed his accountant, Bill Seagren, to implement the activity-based costing system that he has repeatedly proposed. At Jeremy Nolan's request, Bill and the production foreman identify the following cost drivers and their usage for the previously budgeted overhead cost pools. Compute the predetermined overhead rate using traditional costing with machine hours as the basis. (Round answer to 2 decimal ploces, es. 12.25.) Predetermined overhead rate $ per machine hour Attempts: 1 of 10 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c1) The parts of this question must be completed in order. This part will be available when you complete the part above (c2) The parts of this question must be completed in order. This part will be available when you complete the part above (c3) The parts of this question must be completed in order. This part will be available when you complete the part above