Question: Question 5.3 Laxmi Ltd. estimates that its employees will utilize 225,000 machine hours during the coming year. Total overhead costs are estimated to be $5,625,000

Question 5.3

Laxmi Ltd. estimates that its employees will utilize 225,000 machine hours during the coming year. Total overhead costs are estimated to be $5,625,000 and direct labor hours are estimated to be 150,000. Actual machine hours are 210,000. Actual labor hours are 140,000. If Laxmi Ltd. allocates overhead based on machine hours, what is the predetermined manufacturing overhead rate

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