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Determine and find predetermined overhead rate was

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Problem 1: Metalica Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $456,000, and machine hours would total 19,000. By 20x1 year-end, actual overhead totaled $504,000, and actual machine hours were 24,000. On the basis of this information, the 20x1 predetermined overhead rate was:

Multiple Choice

Option 1: $0.04 per machine hour.
Option 2: $0.05 per machine hour.
Option 3: $19 per machine hour.
Option 4: $21 per machine hour.
Option 5: $24 per machine hour.

Reference no: EM132770460

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