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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow Basic Units produced 1,200 Dominator 500 Total 1,700 Machine-hours 3,500 2,000 5,500 Direct labor-hours 2,100 2,800 Direct materials costs $11,100. $ 3,250 4,900 $14,350 Direct labor costs 72,400 31,900 104, 300 Manufacturing overhead costs 164,725 Total costs $283,375 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine-hours to allocate overhead costs (Round your answer to 2 decimal places.) Predetermined overhead rate per machine-hour
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