Graw Yelow Company titres a normal costing system to determine the cost of the two products e manufactures 7 Machine has the allocation base cost deed for manufacturing overheed as the most significant component of as overhead cost pool is depreciation on equipment and the manufacturing budg company's two manufacturing departments and actual results for the period for the two products it manufactures is as given in the Badge amounts for the apcoming curens penod eated to t two tables below Buductestame Aserby Department finishing Department Machine hours (M 5.500 3.500 Fond overhead cost $66.000 $5.500 Variable overhead cost Actual machine hours used Product AMON Decamer Enishing Department Widget Gadget 3.000 2.200 2.000 1,600 If the company uses a cantide OH application rahe to aloca OH to jobs, calculate that plantwide rate ground your answer to the r rest cent Me Choce $146 PHY 7 or to Next > SEM $11500 $1250 Fo Qu C Graw Produd Amy D Ensto Open Widget 3000 2.200 2000 1600 Gadget the company es a plane Of application came to alocate Of to be calcate that plew rate round your answer to the nearest ce Mulhe $946 O O SCOS $750 Help Seve & Ext Proctoring Enabled Chapter 2 Quiz Yellow Company utilizes a normal costing system to determine the cost of the two products it manufactures. 7 Machine hours is used as the allocation base (cost driver) for manufacturing overhead as the most significant component of its overhead cost pool is depreciation on equipment and the manufacturing buildings Budgeted amounts for the upcoming current period related to the company's two menufacturing departments and actual results for the period for the two products it manufactures is as given in the two tables below. 00:20 A Budgeted amount Assembly Department Finishing Department 5,500 Machine hours (MH) Fixed overhead cost 3,500 $55,000 $5,500 Variable overhead cost Actual machine hours used Product Assembly Department Finishing Department D Widget 3,000 2,200 2,000 1,600 Gadget If the company uses a plantwide OH application rate to allocate OH to jobs, calculate that plantwide rate (round your answer to the nearest cent $17,500 $5,250 Gadget If the company uses a plantwide OH application rate to allocate OH to jobs, calculate that plantwide rate (round your answer to the nearest cent). 00:20:24 Multiple Choice $9.46 $8.75 Jy $17.50 $9.25 O O