Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: 
The fixed component of the predetermined overhead rate is closest to:
Definitions:
Cost of Lost Sales
The financial impact experienced by a business when potential sales are not realized due to stockouts or inability to meet demand.
Form Utility
The value added to goods through a manufacturing process that changes the form of the product to make it more desirable to consumers.
Logistics Activity
The range of operations involved in the management of the flow of goods from the point of origin to the point of consumption to meet customer requirements.
Components
Parts or elements that make up a larger product or system.
Q16: Brister Incorporated has provided the following data
Q32: Cannata Corporation has two operating divisions--a North
Q48: At a sales volume of 38,000 units,
Q62: The investment in working capital at the
Q75: Tavis Robotics Corporation has developed a new
Q96: Mccaskell Corporation's relevant range of activity is
Q105: In the standard cost formula Y =
Q120: Which of the following approaches to preparing
Q165: Rodarta Corporation applies manufacturing overhead to products
Q178: Dake Corporation's relevant range of activity is