Actual overhead costs for the year

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Reference no: EM13963561

Pinnacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year were $650,000. Pinnacle’s plant wide allocation base, machine hours, was budgeted at 100,000 hours. Actual machine hours were 80,000. A total of 100,000 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle’s plant wide factory overhead rate for the current year is:

a. $8.13 per machine hour

b. $7.00 per machine hour

c. $6.50 per machine hour

d. $8.75 per machine hour

Reference no: EM13963561

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