Question: Please find the manufacturing overhead rate $ per machine hour Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Manufacturing

Please find the manufacturing overhead rate $ per machine hour

Please find the manufacturing overhead rate $ per machine hour Crane Company

Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Manufacturing overhead costs are estimated to total $2,268,000 for the current year and machine usage is estimated at 200,000 hours. In January, $234,360 of overhead costs are incurred and 22,000 machine hours are used. For the remainder of the year, $2,444,400 of additional overhead costs are incurred and 214,000 additional machine hours are worked. (a) Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e-g. 52.75.) Manufacturing overhead rate per machine hour

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