MNO's actual and budgeted fixed overhead amounts for the last year were $360,000 and $300,000. Actual hours
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Question:
MNO's actual and budgeted fixed overhead amounts for the last year were $360,000 and $300,000. Actual hours worked were 60,000 hours. 80,000 hours had been budgeted for the year. MNO's predetermined fixed overhead rate was:
a) $2.50 an hour
b) $6 per hour
c) $3.75 an hour
d) $10 per hour
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