connet ACCOUNTING ACC17 Final Exam (FA1 Question 2 (ot ba Save & Ext 2. 600 poin

Question

connet ACCOUNTING ACC17 Final Exam (FA1 Question 2 (ot ba Save & Ext 2. 600 points Hibshman Corporation bases ns predetermined overhead rote on the estmated machine hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year ant to.c00 machine-hours The estimered vartable manufacturing overhead was $6 82 per machine-hour and the estumaned total fxed manufacturing overhead wWas $230,200 The predetermined overheed rate for the recently compieted year was closest to O $29 84 per machine-hour S23.IS per machine-hour O $2302 per machine hour $682 per machine-hour Minple Choice -15 PM 8 9 0

Explanation / Answer

Total overhead=Fixed overhead+Variable overhead

=230200+(10,000*6.82)=$298400

Hence predetermined overhead rate=$298400/10000

=$29.84/machine hour.

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