Pharoah Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning...

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Pharoah Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $54,000 $4,100 Direct labor $22,500 $2,500 Manufacturing overhead costs $72,900 Machine hours 81,000 1,230 During 2022, the actual machine hours totaled 85,500, and actual overhead costs were $63,800. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ per machine hour Pharoah Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $54,000 $4,100 Direct labor $22,500 $2,500 Manufacturing overhead costs $72,900 Machine hours 81,000 1,230 During 2022, the actual machine hours totaled 85,500, and actual overhead costs were $63,800. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ per machine hour