Acc505 Managerial Accounting: (TCO F) Sandler Corporation bases its predetermined overhead rate

Acc505 Managerial Accounting

(TCO F) Sandler 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 73,000
Estimated variable manufacturing overhead $3.49 per machine hour
Estimated total fixed manufacturing overhead $838,770

Required:
Compute the company's predetermined overhead rate.
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