Chapter 3, Problem 3.5BE

Company C had an estimated 185,000 direct labor hours, $594,000 manufacturing overhead, and 33,000 machine hours. The actual were 192,400 direct labor hours, 34,800 machine hours, and $612,000 manufacturing overhead. They determine overhead based upon machine hours. Calculate the predetermined overhead rate.

Determine the amount of manufacturing overhead

Please explain the solution to this general accounting problem with accurate explanations.