The following data is given for Thompson Company Actual overhead costs $500,000 Budgeted overhead costs $400,000...

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The following data is given for Thompson Company Actual overhead costs $500,000 Budgeted overhead costs $400,000 Actual machine hour Budgeted machine hours What is the standard overhead allocation rate using machine hours for the allocation base? (Round the final answer to the nearest cent.) 43,000 hours 41,025 hours The following data is given for Thompson Company Actual overhead costs $500,000 Budgeted overhead costs $400,000 Actual machine hour Budgeted machine hours What is the standard overhead allocation rate using machine hours for the allocation base? (Round the final answer to the nearest cent.) 43,000 hours 41,025 hours

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