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Henkes Corporation bases its predetermined overhead rate on the estimated labor - hours for the upcoming year. At the beginning of the most recently completed
Henkes Corporation bases its predetermined overhead rate on the estimated laborhours for the upcoming year. At the beginning of the most recently completed year, the company estimated the laborhours for the upcoming year at laborhours. The estimated variable manufacturing overhead was $ per laborhour and the estimated total fixed manufacturing overhead was $ The actual laborhours for the year turned out to be laborhours.
Required:
Compute the company's predetermined overhead rate for the recently completed year.
Note: Round your answer to decimal places.
Predetermined overhead rate
per laborhour
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