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Sleaker Incorporation had the following information relating to year 2015: Budgeted factory overhead: $74,800 Actual factory overhead: $78,300 Applied factory overhead: $76,500 Estimated labor hours:

Sleaker Incorporation had the following information relating to year 2015:

Budgeted factory overhead: $74,800

Actual factory overhead: $78,300

Applied factory overhead: $76,500

Estimated labor hours: $44,000

Question:

1. If Sleaker decides to use the actual results from 2015 to determine the 2016 overhead rate, what will be the 2016 overhead rate?

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