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The answer is limited liability partnership
Answer:
Estimated manufacturing overhead rate= $3 per machine hour
Explanation:
Giving the following information:
Machine Hours Per Unit:
Rings= 6 (1,000 units)
Dings= 11 (2,040 units)
All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour
