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Swifty Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $214,000. Estimated machine usage is 2,500 hours. The company assigns overhead

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Swifty Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $214,000. Estimated machine usage is 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours. (a1) Your answer is incorrect. Compute the predetermined overhead rate. (Round onswer to 2 decimal ploces, es. 5.25) Predetermined overhead rate $ Determine the amount of overhead to apply to Job No. 551. (Round answer to 0 decimal places, e.g. 5.275.) Overhead assigned $

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