Garrity Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $6.80 per machine-hour and fixed manufacturing overhead cost of $503,272 per period. If the denominator level of activity is 7,600 machine-hours, the variable element in the predetermined overhead rate would be:
A. $6.80
B. $66.22
C. $73.02
D. $72.16
Answer: A
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