Question: SIMI Technological Pte Ltd absorbs overhead based on machine hours. At the beginning of 2018, the company estimated that manufacturing overhead would be $500,000, and

SIMI Technological Pte Ltd absorbs overhead based on machine hours. At the beginning of 2018, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000. By 2018 year-end, actual overhead totalled $525,000, and actual machine hours were 25,000. The 2018 pre-determined overhead rate was?

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