Question: Predetermined Overhead Rate & Allocated Costs - Calculate the predetermined overhead rate based on the information provided below: Spruce Inc. estimates the total overhead for

Predetermined Overhead Rate & Allocated Costs - Calculate the predetermined overhead rate based on the information provided below: Spruce Inc. estimates the total overhead for the current year will be $9,000,000 and the total machine hours will be 100,000. Year to date, the actual overhead is $8,500,000 and the actual machine hours are 98,000. If Spruce Inc. uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate

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