Question: I need help with this general accounting question using the proper accounting approach. The following data relates to Franklin Industries' estimated amounts for the upcoming

I need help with this general accounting question using the proper accounting approach.

The following data relates to Franklin Industries' estimated amounts for the upcoming fiscal year: Estimated: Production Dept Assembly Dept Manufacturing overhead costs $720,000 $480,000 Direct labor hours 60,000 DLH 80,000 DLH Machine hours 24,000 MH 8,000 MH What is the company's plantwide overhead rate if direct labor hours are the allocation base? (Round to two decimal places.)

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