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What the predetermined overhead rate

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Question - Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours 36,000 ?

Estimated variable manufacturing overhead $ 3.01 per machine-hour ?

Estimated total fixed manufacturing overhead $ 1,058,040 ?

Required - What the predetermined overhead rate for the recently completed year?

a. $32.40 per machine-hour

b. $32.81 per machine-hour

c. $3.01 per machine-hour

d. $29.39 per machine-hour

Reference no: EM133124186

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