Question
Hair Corporation bases its default overhead rate on variable manufacturing overhead of $9.50 per machine-hour and fixed manufacturing overhead of $947,672 per period. If the
Hair Corporation bases its default overhead rate on variable manufacturing overhead of $9.50 per machine-hour and fixed manufacturing overhead of $947,672 per period.
If the denominator activity level is 8900 machine-hours, what would be the default overhead rate?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the default overhead rate we need to sum the variable manufactu...
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
