(Answered) Question - christofferse corporation bases its

Accounting

Question - Christofferse Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:

Estimates made at the beginning of the year:

Estimated Machine Hours 38,000

Estimated variable manufacturing overhead $3.33 per machine-hour

Estimated total fixed manufacturing overhead $548,720

Actual machine-hours for the year 33,700

Compute the company's predetermined overhead rate for the recently completed year.

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