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yaroslaw [1]
3 years ago
5

Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the u

pcoming year appear below: Estimated machine-hours 72,400 Estimated variable manufacturing overhead $ 3.00 per machine-hour Estimated total fixed manufacturing overhead $ 838,780 The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
grin007 [14]3 years ago
8 0

Answer:

Overhead Rate 14.5856

Explanation:

Fixed Cost of the manufacturing overhead will be distribute over the cost driver.

\frac{CostOf Manufacturing Overhead}{Cost Driver}= $Overhead Rate

\frac{838780}{72400}= 11.5856

Then we will add the fixed with the variable to get the total overhead per machine-hour

11.5856 + 3 = 14.5658

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