Henkes Corporation Bases Its Predetermined Overhead Rate on the Estimated

question 145

Essay

Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 69,000 labor-hours. The estimated variable manufacturing overhead was $7.30 per labor-hour and the estimated total fixed manufacturing overhead was $1,380,000. The actual labor-hours for the year turned out to be 73,000 labor-hours.Required:Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

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Definitions:

Interpersonal Scripts

Predefined patterns of interaction that people rely on in social situations to fulfill expected roles and norms in relationships.

Heteronormativity

A social construct that promotes heterosexuality as the normal or preferred sexual orientation, often marginalizing other sexual orientations.

Homophobia

Prejudice or discrimination against individuals based on their actual or perceived sexual orientation, particularly toward those who are gay or lesbian.

Biphobia

The denial of bisexuality as a genuine sexual orientation, often reinforced by mainstream media.