Question: Cheyenne Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year: Estimated Actual Overhead cost

Cheyenne Access Services Inc. leases access to high-speed computers to small businesses.

Cheyenne Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year: Estimated Actual Overhead cost $2,214,000 $2,114,000 Computer hours 100,000 90,000 Direct labor hours 205,000 185,000 Overhead is applied on the basis of computer hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ per computer hour

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