Cline Company has two manufacturing departments--Drafting and Welding--and the company started, completed, and sold only...
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Accounting
Cline Company has two manufacturing departments--Drafting and Welding--and the company started, completed, and sold only two jobs during the month (A and B). The following information is available for the company as a whole.
Estimations
Drafting
Welding
Machine Hours (in units)
980 MHs
3,258 MHs
Total Fixed Manufacturing Overhead
$9,697
$14,886
Variable Manufacturing Overhead per MH
$1.53/MH
$3.07/MH
What was the predetermined overhead rate (per machine hour) in the Drafting department for the month? Round your answer to two decimals.
Answer & Explanation
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