(Answered) Question - buckhorn corporation bases its predetermined

Accounting

Question - Buckhorn Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below. Estimated machine hours 37,000, Estimated variable manufacturing overhead $7.77 per machine hour. Estimated total fixed manufacturing overhead $888,000. The actual machine hours for the year turned out to be 35,000.

Required: Compute the company's predetermined overhead rate.

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