K Woody Woods Company manufactures unique furniture. The company has automated production and allocated overhead based on machine hours. Custom Woods expects to incur $350,000 of manufacturing overhead costs and to use 50,000 machine hours during 2024. Custom Woods had no beginning inventory. The company recorded $10,000 in actual manufacturing overhead and actually used 1,200 machine hours in January. 15. Calculate the Pre-determined Manufacturing Overhead Rate and allocated amount of manufacturing overhead.

Woody Woods Company manufactures unique furniture. The company has automated production and allocated overhead based on machine hours. Custom Woods expects to incur $350,000 of manufacturing overhead costs and to use 50,000 machine hours during 2024, Custom woods had no beginning inventory. The company recorded $10,000 in actual manufacturing overhead and actually used 1,200 machine hours in January. 15. Calculate the Pre-determined Manufacturing Overhead Rate and allocated amount of manufacturing overhead