QUESTION 2 Computing an organizational predetermined manufacturing overhead rate Cincy Chips produces microchips for small electronic devices. On January 1, Cincy Chips estimates that they will produce 50,500 microchips and run 2,080 machine hours in the upcoming year. The company uses a single organizational manufacturing overhead rate. Manufacturing overhead is allocated to jobs based on machine hours. The cost formula to estimate manufacturing overhead at the beginning of the year is $128,960 fixed plus $33 per machine hour. Compute the organizational predetermined manufacturing overhead rate. Attach File Browse Local Files Browse Content Collection 10