Cahin Corporation applies manufacturing overhead on the basis of machine$-$hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $$21,060.$ Actual manufacturing overhead for the year amounted to $$13,000$ and actual machine$-$hours were $1,380.$ The company's predetermined overhead rate for the year was $$16\mathrm{.}20$ per machine$-$hour. The predetermined overhead rate was based on how many estimated machine$-$hours?

Answer rating: 100% (QA)

To find out how many estimated machinehours the predetermined overhead r... View the full answer