Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pinnacle Corp. budgeted $263,630 of overhead cost for the current year. Actual overhead costs for the year were $256,480. Pinnacle's plantwide allocation base, machine hours,
Pinnacle Corp. budgeted $263,630 of overhead cost for the current year. Actual overhead costs for the year were $256,480. Pinnacle's plantwide allocation base, machine hours, was budgeted at 51,800 hours. Actual machine hours were 55,050. A total of 95,890 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a. $2.67 per machine hour b. $5.09 per machine hour c. $4.95 per machine hour O d. $2.75 per machine hour
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started