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Please answer the following 3 questions, thank you. Luzadis Company makes furniture using the latest autormated technology. The company uses a job-order costing systerm and
Please answer the following 3 questions, thank you. Luzadis Company makes furniture using the latest autormated technology. The company uses a job-order costing systerm and applies manufacturing overhead cost to products on the basis of machine-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the yoar Machine-hours 82,000 $1,271,000 4.00 Fixed manufacturing overhead cost Variable manufacturing overhead per computer-hour During the year, a glut of furniture on the market resulted in cutting back production and a buildup of funiture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: 40,000 Machine-hours Manufacturing overhead cost$827,000 Required: 1. Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per hour
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