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Hykes Corporation's manufacturing overhead includes $5.40 per machine-hour for supplies; $5.40 per machine-hour for indirect labor; $65,800 per period for salaries; and $64,990 per period
Hykes Corporation's manufacturing overhead includes $5.40 per machine-hour for supplies; $5.40 per machine-hour for indirect labor; $65,800 per period for salaries; and $64,990 per period for depreciation. Required: Determine the predetermined overhead rate if the denominator level of activity is 4,100 machine-hours. (Round your answer to 2 decimal places.)
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