The CEO at Holly Hats has collated the following figures relating to annual production for the current year: Budgeted direct labour hours 419,000 Budgeted machine
The CEO at Holly Hats has collated the following figures relating to annual production for the current year:
| Budgeted direct labour hours | 419,000 |
| Budgeted machine hours | 223,000 |
| Budgeted factory overhead | $1,269,000 |
| Budgeted units produced | 11,000 |
| Actual direct labour hours | 455,278 |
| Actual machine hours | 307,161 |
| Actual factory overhead | $1,234,308 |
| Actual units produced | 15,912 |
Calculate the predetermined overhead application rate based on machine hours. Enter your answer to 2 decimal places.
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Authors: Charles T. Horngren
3rd Edition
0131800345, 978-0131800342
