Question: The data in the table is same as shown in the previous question (Question 8). Table 29.1: Product and company cost information Activity Overhead costs

The data in the table is same as shown in the

The data in the table is same as shown in the previous question (Question 8). Table 29.1: Product and company cost information Activity Overhead costs Cost Driver Product 1 Product 2 Processing Department 50 Setup E200,000 200 Number of setups Machine hours Machining 15,000 E700,000 20,000 Packaging Department 70,000 Assembly 300,000 50,000 Direct labour hours Number of inspections 60 Inspection 180,000 120 Assuming that the company uses the department allocation method and machine hours are used as the allocated base, what is the overhead rate for the processing department ? Do not include any units, numerical value only must be entered in the box provided to one decimal place

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