The Thomlin Company forecasts that total overhead for the current year will be $

Question

The Thomlin Company forecasts that total overhead for the current year will be $11,698,671 and that total machine hours will be 192,638 hours. Year to date, the actual overhead is $7,819,160 and the actual machine hours are 80,131 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate? Select the correct answer. a. $98 per machine hour b. $41 per machine hour c. $61 per machine hour d. $146 per machine hour Please show solution. Thanks!

Explanation / Answer

c. $61 per machine hour

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