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The following data relates to Black-Out Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $680,000 79,000
The following data relates to Black-Out Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $680,000 79,000 DLH 2,900 MH Department 2 $1,008,000 99,000 DLH 3,900 MH What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.)
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