Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thomlin company forecasts that total overhead for

Thomlin Company forecasts that total overhead for the current year will be $11,220,000 with 187,000...

50.1K

Verified Solution

Question

Accounting

Thomlin Company forecasts that total overhead for the current year will be $11,220,000 with 187,000 total machine hours. Year to date, the actual overhead is $5,208,000, and the actual machine hours are 84,000 hours. The predetermined overhead rate based on machine hours is

Round the answer to the nearest dollar.

a.$134 per machine hour

b.$60 per machine hour

c.$62 per machine hour

d.$28 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

Accounting
1.2K views

Provide complete answers to the following two problems:Describe the differences in cash flow statements...

Advance Math
1.2K views

In the 3-month period November 1, 2014, through January 31, 2015, Hess Corp. (HES) stock decreased...

Chemistry
1.2K views

DIRECT METHOD EXAMPLE: A buffer was created by mixing 10 mL of a 0.10 M hydrofluoric...

Physics
1.2K views

Which interaction is most useful for producing a diagnostic X-Rays image: photoelectric effect, Compton effect or...

Finance
1.2K views

Discuss why financial managers in organizations need to know the full cost of producing goods and/or...

Physics
1.2K views

A hollow sphere is filled with water It is hung by a long thread to...

Basic Math
1.2K views

1 point Which of the following graphs have Euler circuits or Euler trails M L...

Accounting
1.2K views

Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual....

Accounting
1.2K views

As a general rule, how should long-term liabilities be reported on the debtors balance sheet?

Accounting
1.2K views

Every employer is entitled to a 5.4 percent credit against the gross FUTA tax of...

Accounting
1.2K views

Case 3: Whether or not to keep a company open You are in charge of...

Finance
1.2K views

Describe the difference between current and long-term assets and liabilities. Why do you think it...