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    predetermined fixed overhead rate

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    A manufacturer of playground equipment has a standard costing system based on standard machine-hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:

    Denominator level of activity 8,800 MHs
    Fixed overhead cost $72,248

    The following data pertain to operations for the most recent period:

    Actual hours 8,560 MHs
    Standard hours allowed for the actual output 8,576 MHs
    Actual total fixed overhead cost $72,470

    What is the predetermined fixed overhead rate to the nearest cent?

    $8.21

    $9.44

    $8.91

    $8.74

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    https://brainmass.com/business/accounting/predetermined-fixed-overhead-rate-209282

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    Question 21: (1 point)
    A manufacturer of playground equipment has a standard costing system based on standard machine-hours (MHs) as the measure of activity. Data ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what is the predetermined fixed overhead rate to the nearest cent.

    $2.19

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