managerial, Basic Statistics

Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:

Machine-hours required to support estimated production 156,000
Fixed manufacturing overhead cost $ 660,000
Variable manufacturing overhead cost per machine-hour $ 4.20

Compute the predetermined overhead rate. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Predetermined overhead rate $ per MH
Posted Date: 6/20/2012 11:35:16 AM | Location : United States

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