Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: ?Estimated machine-hours 72,300? ?Estimated variable manufacturing overhead$3.40?per machine-hour?Estimated total fixed manufacturing overhead$838,770? ?? The predetermined overhead rate for the recently completed year was closest to:
A. $8.62 per machine-hour
B. $16.60 per machine-hour
C. $10.20 per machine-hour
D. $6.02 per machine-hour
Answer: B
You might also like to view...
Donna wants to buy a new coat. During the ________ stage of her purchase process she will ask her friends to recommend a store and/or a style of coat
She will search the newspaper for coat sales, and she will visit nearby stores to see what is available in her price range. A) product evaluation B) evaluation of alternatives C) problem/opportunity recognition D) information search E) purchase decision
The proportion of world trade accounted for by North America has evidenced ____ since 1980.
A. a tripling B. an increase of 20 percent C. no change D. more than a fivefold increase E. an overall decline
Developing a relationship on the first visit is becoming increasingly important in the _____________ stage of the personal selling process.
A. prospecting B. preapproach C. approach D. making the presentation E. overcoming objections
A firm following the _____ dividend policy pays a specific dollar dividend each year or periodically increases the dividend at a constant rate.
A. free cash flow B. residual C. constant payout ratio D. stable, predictable E. extra