The income statement for a manufacturing company usually contain detailed computation of the a Total manufacturing cost b. Total overhead c. Total cost of materials used d. Cost of goods sold Brothern 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: 39,000 Estimated machine-hours $ 6.76 Per machine hour Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead $ 794,430 Actual machine-hours for the year 42,700 The predetermined overhead rate for the recently completed year was to: A) $20.37 per machine-hour B) $27.13 per machine-hour C) $6.76 per machine-hour D) $25.37 per machine-hour 7. Which of the following is not a product cost? a. Income taxes b. Factory real estate taxes c. Machinist d. Manufacturing overhead Period cost is also called: a. Variable cost b. Product cost - Value adding cost Non-inventoriable cost