Question: Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours

Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Overhead cost Machine hours Direct labor hours Budgeted $975,000 50.000 100,000 Actual $950,000 45.000 92.000 Overhead is applied on the basis of direct labor hours. Comoute the predetermined overhead rate. (Round answer to 2 decimal places, s. 12.25.) Predetermined overhead rate S per direct labor hour

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