Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $280,896 for the year, and machine usage is estimated at 125,400 hours. For the year, $400,896 of overhead costs are incurred and 130,400 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.52.) What are Manufacturing overhead rate$ per machine hour
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are
expected to total $280,896 for the year, and machine usage is estimated at 125,400 hours.
For the year, $400,896 of overhead costs are incurred and 130,400 hours are used.
Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.52.)
What are Manufacturing overhead rate$ per machine hour
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