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Giannitti 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 72,700
Giannitti 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 | 72,700 |
---|---|
Estimated variable manufacturing overhead | $3.20 per machine-hour |
Estimated total fixed manufacturing overhead | $838,780 |
The predetermined overhead rate for the recently completed year was closest to:
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