Exercise 4-11 (Part Level Submission) Sheffield Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Sheffield's management estimated a total of $348,000 in manufacturing overhead costs and 11,600 machine hours for the coming year. In December, Sheffield's accountants reported actua manufacturing overhead incurred of $571,000 and 14,900 machine hour used during the year. Sheffield applies overhead based on machine hours What was Sheffield's predetermined overhead rate for the year? Predetermined overhead rate / machine hour Click if you would like to show work for this question: OpenShow work