A company expected its annual overhead cost to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor...

A company expected its annual overhead cost to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company’s predetermined overhead rate to the nearest cent.

Questions: A company expected its annual overhead cost to be $900,000 and direct labor costs to be$1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. Howmuch is...