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The Tempe Towel Company is preparing its budgeted financial statements for the upcoming year and wants to know what its predetermined overhead rates will be.

The Tempe Towel Company is preparing its budgeted financial statements for the upcoming year and wants to know what its predetermined overhead rates will be. Tempe estimated that its Variable Manufacturing Overhead per Direct Labor Hour is $9.00, its total direct labor hours for all of next year will be 22,000, there was no depreciation incurred, and its Total Fixed Manufacturing cost for the year is $88,000. What is Tempe's Predetermined Overhead Rate? 13 14.75 15 22.12

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