Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,500 Estimated variable manufacturing overhead $3.10 per machine-hour Estimated total fixed manufacturing overhead $838,790 The predetermined overhead rate for the recently completed year was closest to:

$11.57 per machine hour

Explanation:

Predetermined overhead rate is used to allocate overheads (indirect) to products / jobs or departments.

Predetermined overhead rate = Budgeted Fixed Costs / Budgeted Activity

Note : Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.

Predetermined overhead rate = $838,790/ 72,500

                                                  = $11.57 per machine hour

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!