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What was the total predetermined overhead rate

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A manufacturer of industrial equipment has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:

Denominator Level of Activity 39,00 MHs

Overhead Costs at the Denominator Activity Level:

Variable Overhead Cost $33,345

Fixed Overhead Cost $61,425

The following data pertain to operations for the most recent period:

Actual Hours 3,900 MHs

Standard Hours Allowed for the Actual Output 3,952 MHs

Actual Total Variable Overhead Cost $32,565

Actual Total Fixed Overhead Cost $60,675

Question 1: What was the total predetermined overhead rate, rounded to the nearest cent?

Reference no: EM132587107

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