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Two of Olive Co.s factory activities, prep and canning, use the activity base machine hours. Olives factory overhead rate for both the prep and canning
Two of Olive Co.s factory activities, prep and canning, use the activity base machine hours. Olives factory overhead rate for both the prep and canning activities is $9.00 per machine hour, and total machine hours used by the canning activity is 52,000 machine hours. Olives cost accountant correctly assigned factory overhead cost to Olives two products: black olives $330,000 and green olives $270,000.
Calculate the total machine hours used by the prep activity (round to the nearest machine hour).
[PLEASE SHOW ALL THE CALCULATIONS]
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