Willow Creek Corporation bases its predetermined overheadrate on the estimated l

Willow Creek Corporation bases its predetermined overheadrate on the estimated labor hours for the upcoming year. At thebeginning of the most recently completed year the companyestimated the labor hours for the upcoming year at 38500 laborhours. The estimated variable manufacturing overhead was $7.37 perlabor hour and the estimated total fixed manufacturing overhead was$601328. The actual labor hours for the year turned out to be41721 labor hours.Required:Compute the companys predetermined overhead rate for therecently completed year.TCO F) Matuseski Corporation is preparingits cash budget for October. The budgeted beginning cash balance is$17000. Budgeted cash receipts total $187000 and budgeted cashdisbursements total $177000. The desired ending cash balance is$40000. The company can borrow up to $120000 at any time from alocal bank with interest not due until the followingmonth.