Answer: 0.12
Step-by-step explanation:
Given : Last month, a company had receipts totaling $3,700.
The company had overhead costs of $444.
Then , the rate of overhead is given by :-
\(\text{Rate of overhead cost}=\dfrac{\text{Overhead cost }}{\text{Allocation measure for last month}}\\\\\Rightarrow\ \text{Rate of overhead cost}=\dfrac{444}{3700}\\\\=0.12\)
Hence, the rate of overhead is 0.12
