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Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost. $2,035,600. $955,910 Machine hours

Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year.

Budgeted Actual

Overhead cost. $2,035,600. $955,910

Machine hours 50,890. 47,040

Direct labour hours 178,870 94,670

Overhead is applied on the basis of machine hours.

What is the predetermined overhead rate?

Determine the amount of overhead applied.

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