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Daisy Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the...

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Accounting

Daisy Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company considers all of its manufacturing overhead costs to be fixed and it has provided the following data for the most recent year.
Estimated total fixed manufacturing overhead from the beginning of the year
$ 534,000
Estimated activity level from the beginning of the year
30,000
machine-hours
Actual total fixed manufacturing overhead
$ 487,000
Actual activity level
27,400
machine-hours
The predetermined overhead rate per machine-hour would be closest to:
Group of answer choices
16.23
19.49
17.80
17.77

Answer & Explanation Solved by verified expert
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