Question: Can you help me solve this general accounting problem using the correct accounting process? Vanguard Industries bases its predetermined overhead rate on the estimated labor

Can you help me solve this general accounting problem using the correct accounting process?

Vanguard Industries 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 50,000 labor hours. The estimated variable manufacturing overhead was $15.00 per labor hour, and the estimated total fixed manufacturing overhead was $900,000. The actual labor hours for the year turned out to be 52,300 labor hours. Compute the company's predetermined overhead rate for the recently completed year

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