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8. Suppose budgeted production for EG Company is estimated to require 8,000 machine hours per year and practical capacity is 10,000 machine hours per year.

8. Suppose budgeted production for EG Company is estimated to require 8,000 machine hours per year and practical capacity is 10,000 machine hours per year. Estimated manufacturing overhead cost for the year is $720,000. The cost driver rate per machine hour is:
a. $90.
b. $80.
c. $72.

d. cannot be determined from the information provided.

(Please provide details)

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