Question 11 10 pts Petters Inc. uses labor hours to assign overhead cost. The following data...

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Question 11 10 pts Petters Inc. uses labor hours to assign overhead cost. The following data are for the month of November: Expected manufacturing overhead $500,000 Overhead assignment base labor hours Expected labor hours 10,000 Manufacturing overhead incurred $620,000 Actual labor hours 11,000 The ending balances (before adjusting for the overhead variance) are as follows: Cost of goods sold Finished goods Work-in-process Required: $200,000 $200,000 $100,000 A. Compute the predetermined manufacturing overhead rate for the month of November. Question 11 10 pts Petters Inc. uses labor hours to assign overhead cost. The following data are for the month of November: Expected manufacturing overhead $500,000 Overhead assignment base labor hours Expected labor hours 10,000 Manufacturing overhead incurred $620,000 Actual labor hours 11,000 The ending balances (before adjusting for the overhead variance) are as follows: Cost of goods sold Finished goods Work-in-process Required: $200,000 $200,000 $100,000 A. Compute the predetermined manufacturing overhead rate for the month of November.