Reference no: EM132527602
Question - The following information relates to the Moonie Park Manufacturing Company for the year 2012.
Plant capacity 480,000 machine hours.
Normal level of production 432,000 machine hours.
Budgeted level of production 360,000 machine hours.
Budgeted manufacturing overhead $2,160,000.
Actual manufacturing overhead for the month of $175,000.
Actual machine hours used for February 2012 35,000.
Required - Calculate the predetermined overhead rates per machine hour based on practical capacity, normal capacity and budgeted capacity respectively.
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