At the beginning of the most recently completed year the

Reference no: EM13585589

Simoneaux Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 20,500 machine-hours. The estimated variable manufacturing overhead was $5.70 per machine-hour and the estimated total fixed manufacturing overhead was $467,400. The predetermined overhead rate for the recently completed year was closest to?

Reference no: EM13585589

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