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Question 1 1 pts Bruno Company uses machine-hours as the basis for assigning overhead costs to work-in-process. At the beginning of 2021. Bruno Company's management

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Question 1 1 pts Bruno Company uses machine-hours as the basis for assigning overhead costs to work-in-process. At the beginning of 2021. Bruno Company's management expected the level of activity in its production factory for the year to be 27.500 machine hours. Total estimated costs of factory overhead included $360,000 for indirect materials. $90,000 for Indirect labor, and $100,000 for other overhead costs. Estimated costs for direct materials and direct labor were $1.200,000 and $500,000 respectively. As of the end of the year, actual costs for 2021 were as follows: Indirect materials $350,000, Indirect labor $85,000; other overhead $95,000; direct materials $1,100,000, direct labor $550,000, Bruno Company's predetermined overhead rate (to the nearest cent) per machine-hour for 2021 was: $61.82 O $3.64 $20.00 O $81.82 None of the listed choices are correct

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