Answer:
Estimated manufacturing overhead rate= $29.84 per machine hour.
Explanation:
Giving the following information:
Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours. The Corporation estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $6.82 per machine-hour and the estimated total fixed manufacturing overhead was $230, 200.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (230200/10000)+6.82= $29.84 per machine hour.
Answer:
A c e
Explanation:
I got it right on the exam
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The financial statement that highlights the components of net income is the income statement.
<h3>What is an income statement?</h3>
The income statement is a financial statement that contains the record of a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
It also contains components that explains the net income of the company.
To learn more about income statement, please check: brainly.com/question/9060570