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erastovalidia [21]
4 years ago
9

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 36,000 Estimated variable manufacturing overhead $3.01 per machine-hour Estimated total fixed manufacturing overhead $1,058,040 The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
stich3 [128]4 years ago
5 0

Answer:

$30.39 per machine hour

Explanation:

Giannitti corporation has an estimated machine hours of 36,000

The estimated variable manufacturing overhead is $3.01 per machine hour

The estimated total fixed manufacturing overhead is $1,058,040

The first step is to calculate the the predetermined overhead rate

= 36,000 + 3.01 + 1,058,040

= $1,094,043.01

Therefore the predetermined overhead rate can be calculated as follows

= 1,094,043.01/36,000

= $30.39 per machine hour

Hence the predetermined overhead rate for the recently completed year is closest to $30.39 per machine hour

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