Compute the predertermined overhead allocation rate for 2018.

Cedar River Trikes manufactures threewheeled bikes for adults. The company locates manufacturing overhead based on machine hours. Cedar River expects to incur $250.000 of manufacturing overhead costs, and to use 10,000 machine hours during 2018. Cedar River reported the following inventory balances at May 31, 2018 Raw Materials inventory $25,000 Work in Process inventory $18,000 Finished Goods inventory $41.000 During June, 2018, Cedar River actually used 1.100 machine hours Predetermined overhead allocation rate Total estimated overhead costs/Total estimated machine hours ITotal estimated overhead costs Total estimated machine hours Predetermined overhead allocation rate