Benoit Corporation's manufacturing overhead includes $13.20 per machine-hour for variable manufacturing overhead and $555,408 per period for fixed manufacturing overhead.Required:Determine the predetermined overhead rate for the denominator level of activity of 5,700 machine-hours.
What will be an ideal response?
Predetermined overhead rate = Estimated total manufacturing overhead/Denominator level of activity
= [($13.20 per machine-hour × 5,700 machine-hours) + $555,408] ÷ 5,700 machine-hours
= $630,648 ÷ 5,700 machine-hours
= $110.64 per machine-hour
You might also like to view...
Which of the following is true of the yield curve?
A. The yield curve is steep and is upward sloping when the recession ends and the economy starts to recover. B. The yield curve is flat and is downward sloping when the recession ends and the economy starts to recover. C. The yield curve is flat or inverted when the term premium is small. D. The yield curve is downward sloping when the term premium is large.
Rationalization is one element of the Fraud Triangle
a. True b. False Indicate whether the statement is true or false
Ethical business leaders not only act ethically on a personal level, but also allocate corporate resources to support and promote ethical behavior in the workplace.
Answer the following statement true (T) or false (F)
Which of the following organizations published a comprehensive code of ethics but did not carry them out?
a. Metlife b. Enron c. J. C. Penney d. GE