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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