Pre-determined overhead rate based on machine hours

Assignment Help Accounting Basics

Reference no: EM13160092

The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?

a. $75 per machine hour

b. $68 per machine hour

c. $78 per machine hour

d. $71 per machine hour

Reference no: EM13160092

Questions Cloud

What is the mass of the propane in the flask : A 2.89-L flask is filled with propane gas (C3H8), at 1.00 atm and -23.0°C. What is the mass of the propane in the flask?

Production possibilities frontier to describe efficiency : Use a production possibilities frontier to describe efficiency. (This question can be answered either with or without the use of a graph, depending on whether you have a graphing program on your computer. It is possible to describe the various poi..

Write an application that creates a database named phonebook : Write an application that creates a database named PhoneBook. The database should have a table named Entries, with columns for a person's name and phone number. Next, write an application that lets the user add rows to the Entries table,

Effect on the production possibilities frontier : Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods.

Pre-determined overhead rate based on machine hours : Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?

How protein could be isolated using affinity chromatography : how a protein could be isolated using affinity chromatography.

What amount should charge against income : The market under governmental order because of a potential health hazard in the product. What amount should Koll charge against income during 2011, assuming amortization is recorded at the end of each year?

What mass of h2o (in g) must form : According to the following thermochemical equation, what mass of H2O (in g) must form in order to produce 975 kJ of energy?

Sternberg and gardners models of intelligence : What are the similarities and differences between Sternberg and Gardners models of intelligence?

User Account

All Pages