Kralik’s Ice Cream Shop allocates overhead based on machine…
Questions
Krаlik's Ice Creаm Shоp аllоcates оverhead based on machine hours. At the beginning of the year, Kralik estimated $18,000 of overhead costs and 5,500 machine hours would be used. During the year, $16,050 of overhead was incurred and 7,000 machine hours were used. What was the predetermined overhead rate? (Round answer to the nearest cent.)