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

Question 28 Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Overhead cost $1,215,360 $955,400 Machine hours 50,640 45,490 Direct labour hours 141,300 93,030 Overhead is applied on the basis of machine hours. Calculate the predetermined overhead rate. Predetermlned overhead rate $|:| per machine hour Determine the amount of overhead applied for the year. Amount of overhead applied $|:|