Wes was a major league baseball pitcher who earned $10,000,000 for his 20 wins this year. Sam was also a major league baseball pitcher before a career-ending injury caused by a negligent driver. Sam sued the driver and collected $6,000,000 as compensation for lost estimated future income as a pitcher and $4,000,000 as punitive damages. Do the amounts that Wes and Sam receive have

Predetermined manufacturing overhead rate= $233.33 per machine hour

Explanation:

Giving the following information:

Total estimated overhead= 300,000 + 400,000= $700,000

Machine hours= 1,000 + 2,000= 3,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 700,000 / 3,000

Predetermined manufacturing overhead rate= $233.33 per machine hour