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Compute the actual indirect-cost rate

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Question - To answer the question below utilize the information: For 2019, Tiger's Animal Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information:

 

Estimated

Actual

Manufacturing overhead costs

100,000

120,000

Machine hours

20,000

25,000

Required - Using job costing, compute the 2019 actual indirect-cost rate?

a. $4.00 per machine-hour

b. $4.80 per machine-hour

c. $5.00 per machine-hour

d. $6.00 per machine-hour

Reference no: EM132665321

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