compute its predetermined overhead rate

Reference no: EM132846417

Question - At the beginning of the current year, GK Corporation estimated that its manufacturing overhead would be Php70,000 and the activity level would be 10,000 machine-hours. The level of activity at capacity is 14,000 machine-hours. The actual manufacturing overhead for the year was Php63,300 and the actual level of activity was 10,100 machine-hours.

1. If the company bases its predetermined overhead rate on estimated machine-hours, then its predetermined overhead rate would have been?

2. If the company bases its predetermined overhead rate on estimated machine-hours, then its overhead for the year would have been?

3. If the company bases its predetermined overhead rate on machine-hours at capacity, then its predetermined overhead rate would have been?

4. If the company bases its predetermined overhead rate on machine-hours at capacity, then the cost of unused capacity reported on the income statement would have been?

Reference no: EM132846417

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