At the end of the year, a company's Manufacturing Overhead account contained the following data:
Actual $82,140 $78,260 Applied
If the denominator activity for the year was 40,000 machine-hours, and if 36,400 machine-hours were allowed for the year's production, then the predetermined overhead rate per machine hour was:
A predetermined overhead rate is used to apply overhead to jobs. It is determined before a ...
The solution discusses different questions regarding the manufacturing overhead account.