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Moore Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year....

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Accounting

Moore Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:

Estimates made at the beginning of the year:
Estimated machine-hours 20,200
Estimated variable manufacturing overhead $ 9.00 per machine-hour
Estimated total fixed manufacturing overhead $ 496,920
Actual machine-hours for the year 21,400

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

$33.60.

$9.00.

$24.60.

$32.22.

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