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EX $3-24($Algo$)$ Fixed and Variable Costs; Overhead Rate; Agribusiness $($LO $3-1,3-4)$

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The controller for Free$-$Range Poultry, Incorporated, estimates that the company's fixed overhead is $$100,000$ per year.

She also has determined that the variable overhead is approximately $$0\mathrm{.}15$ per chicken raised and sold. Because the firm

has a single product, overhead is applied on the basis of output units, chickens raised and sold.

EX $3-24($Algo$)$ Part $1$ Calculate the predetermined overhead rate...

Required:

Calculate the predetermined overhead rate under each of the following output predictions:

Note: Round your answers to $2$ decimal places.