Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
$\begin{array}{llc}
\text { Estimated machine-hours } & 73,000 \
\text { Estimated variable manufacturing overhead } & \$ 3.49 \text { per machine-hour } \
\text { Estimated total fixed manufacturing overhead } & \$ 838,770
\end{array}$

Required:
Compute the company's predetermined overhead rate.

Question

Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
 $\begin{array}{llc}
\text { Estimated machine-hours } & 73,000 \
\text { Estimated variable manufacturing overhead } & \$ 3.49 \text { per machine-hour } \
\text { Estimated total fixed manufacturing overhead } & \$ 838,770
\end{array}$
 
Required:
Compute the company's predetermined overhead rate.

Quizplus · Accepted Answer

The Answer of Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
 $\begin{array}{llc}
\text { Estimated machine-hours } & 73,000 \
\text { Estimated variable manufacturing overhead } & \$ 3.49 \text { per machine-hour } \
\text { Estimated total fixed manufacturing overhead } & \$ 838,770
\end{array}$
 
Required:
Compute the company's predetermined overhead rate.

Harkin Corporation Bases Its Predetermined Overhead Rate on the Estimated