Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead$157,750?Estimated machine-hours 4640?Actual manufacturing overhead$157,400?Actual machine-hours 4860?The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.The predetermined overhead rate is closest to:
A. $32.39
B. $33.92
C. $42.52
D. $34.00
Answer: D
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