Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pinnacle corp. budgeted $254,600 of overhead cost

Pinnacle Corp. budgeted $254,600 of overhead cost for the current year. Actual overhead costs...

60.1K

Verified Solution

Question

Accounting

Pinnacle Corp. budgeted $254,600 of overhead cost for the current year. Actual overhead costs for the year were $210,580. Pinnacle's plantwide allocation base, machine hours, was budgeted at 49,430 hours. Actual machine hours were 55,710. A total of 97,960 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: O a. $5.15 per machine hour O b. $4.26 per machine hour O c. $2.60 per machine hour Od. $2.15 per machine hour
image
Pinnacle Corp. budgeted $254,600 of overhead cost for the current yoar. Actual overtiead costs for the year were $210,580. Pinnacle's plantwide allocation base, machine hours, was budgeted at 49,430 hours. Actual machine hours were 55,710, A total of 97,960 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a. 55.15 per machine hour b. $426 per machine beur c $260 per machune hour d. 32.15 per machine hour

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Random samples of resting heart rates are taken from two groups. Population 1 exercises regularly, and...

Accounting
1.2K views

Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the...

Accounting
1.2K views

The 2017 annual report of Albany Corporation reports the following (in millions): Amortized Cost Fair Value December 31, 2016 Short-term investments — available-for-sale...

Biology
1.2K views

The second paragraph of the Declaration of Independence establishes general principles about the rights of...

Calculus
1.2K views

Assume that f is continuous on a b and f x dx 0 Does it...

Algebra
1.2K views

Find the x- and y-coordinates of the point C.The coordinates of Care(Type an ordered pair.)Question...

Accounting
1.2K views

Firm ABC has a single liability of 5000 due in 8 years and will invest...

Accounting
1.2K views

What are pension assets? Are they good or bad? How are pension assets impacted by...

Accounting
1.2K views

Why are net taxes not included in national savings?

Accounting
1.2K views

What information is usually NOT included on a confirmation of accounts payable? Supplier name and...

Accounting
1.2K views

John Smith is the owner of Alpha Technologies Inc. The beginning balance in Smith, Capital...

Finance
1.2K views

What is the intrinsic value of the following CALL option? SOXCALL52.0050.007.15 1.657.154.562.00 5.15