Question
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 | $ | 838,710 | ||
The predetermined overhead rate for the recently completed year was closest to:
Multiple Choice
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$14.74 per machine-hour
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$9.60 per machine-hour
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$6.79 per machine-hour
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$8.67 per machine-hour
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
