Pinacle Corp. budgeted $272,680 of overhead cost for the current year. Actual overhead costs for the year were $222,340. Pinacle's plantwide allocation base, machine hours, was budgeted at 50,490 hours. Actual machine hours were 43,650. A total of 107,460 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a. $4.40 per machine hour O b. $5.40 per machine hour O c. $2.07 per machine hour O d. $2.54 per machine hour

Pinacle Corp. budgeted $272,680 of overhead cost for the current year. Actual overhead costs for the year were $222,340. Pinacle's plantwide allocation base, machine hours, was budgeted at 50,490 hours. Actual machine hours were 43,650 . A total of 107,460 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a. $4.40 per machine hour b. $5.40 per machine hour c. $2.07 per machine hour d. $2.54 per machine hour