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Moore Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates
Moore Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:
Estimates made at the beginning of the year: | |||
Estimated machine-hours | 19,700 | ||
Estimated variable manufacturing overhead | $ | 8.50 | per machine-hour |
Estimated total fixed manufacturing overhead | $ | 484,620 | |
Actual machine-hours for the year | 20,900 | ||
|
The predetermined overhead rate for the recently completed year was closest to:
$8.50.
$31.69.
$24.60.
$33.10.
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