Shahid Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.
Estimated manufacturing overhead Rs. 182,000
Estimated machine-hours 5,600
Actual manufacturing overhead Rs. 187,000
Actual machine-hours 5,100
The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.
Calculate predetermined overhead rate?
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