Coronado Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $292,552 for the year, and machine usage is estimated at 126,100 hours. For the year, $413,432 of overhead costs are incurred and 130,100 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e. g. 1.25.) Manufacturing overhead rate $Type your answer here per machine hour
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Home » Business » Coronado Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $292,552 for the year, and machine usage is estimated at 126,100 hours.