b)

c)

Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. $ 534,000 Estimated total fixed manufacturing overhead from the beginning of the year Estimated activity level from the beginning of the year Actual total fixed manufacturing overhead Actual activity level 30,000 machine-hours $ 487,000 27,400 machine-hours The predetermined overhead rate per machine-hour would be closest to: 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 36,000 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead $ 3.01 per machine-hour $ 1,058,040 The predetermined overhead rate for the recently completed year was closest to: A) $29.39 per machine-hour B) $32.40 per machine-hour C) $32.81 per machine-hour D) $3.01 per machine-hour Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $440,000, variable manufacturing overhead of $2.20 per machine-hour, and 50,000 machine-hours. The estimated total manufacturing overhead is closest to: A) $440,000 B) $110,000 C) $440,002 D) $550,000