Harkin Corporation Bases Its Predetermined Overhead Rate on the Estimated

question 70

Essay

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

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Definitions:

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