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Lightner Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 50,000
Lightner Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
Estimated machine-hours | 50,000 |
---|---|
Estimated variable manufacturing overhead | $ 8.82 per machine-hour |
Estimated total fixed manufacturing overhead | $1,077,000 |
Required:
Compute the company's predetermined overhead rate.
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