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What the predetermined overhead rate for recently compled

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Reference no: EM132973630

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

Problem 1: The predetermined overhead rate for the recently completed year was closest to:

Option 1: $32.81 per machine-hour

Option 2: $29.39 per machine-hour

Option 3: $3.01 per machine-hour

Option 4: $32.40 per machine-hour

Reference no: EM132973630

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