Question: Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $250187 Actual manufacturing overhead cost

Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.

Estimated manufacturing overhead cost

$250187

Actual manufacturing overhead cost

$245126

Estimated machine hours

20668

Actual machine hours

20753

The estimates were made as of the beginning of the year, while the actual results were for the entire year.

The predetermined manufacturing overhead rate per machine hour is? and explain if you can

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