Rapier Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated jointer. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$3,740 Capacity of the jointer 200hoursActual results: Actual total fixed manufacturing overhead$3,740 Actual hours of jointer use 170hours The predetermined overhead rate based on hours at capacity is closest to:
A. $49.50 per hour
B. $58.24 per hour
C. $22.00 per hour
D. $18.70 per hour
Answer: D
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