1. Peterson Company estimates that overhead costs for the next year will be $2,400,000 for indirect labor and $900,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 110,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)

Multiple Choice

a) $0.05 per machine hour.

b) $30.00 per machine hour.

c) $21.36 per machine hour.

d) $8.18 per machine hour.

e) $0.12 per machine hour.

2. Cameroon Corp. manufactures and sells electric staplers for $16.50 each. If 10,000 units were sold in December, and management forecasts 4.5% growth in sales each month, the number of units of electric stapler sales budgeted for March should be:

Multiple Choice

a) 10,000

b) 11,411

c) 10,450

d) 10,920

e) 11,050