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 36,000 ?Estimated variable manufacturing overhead$3.01per machine-hour?Estimated total fixed manufacturing overhead$1,058,040 ?? The predetermined overhead rate for the recently completed year was closest to:
A. $32.81 per machine-hour
B. $3.01 per machine-hour
C. $29.39 per machine-hour
D. $32.40 per machine-hour
Answer: D
You might also like to view...
A business buys candy and gum from many different manufacturers and then resells the items to a variety of different stores. The business is an example of a(n) ________
A) independent intermediary B) manufacturer-owned intermediary C) disintermediator D) reverse marketer E) brokerage company
Which message execution style depicts average people using a product in an everyday setting?
A) lifestyle B) scientific evidence C) slice of life D) personality symbol E) technical expertise
Fair practice laws are designed to prevent a franchisor from _____
a. enforcing a tying agreement b. terminating, canceling, or failing to renew a franchise without sufficient cause c. incorrectly reporting franchise profits and investments d. selling additional franchises in a protected territory
Which of the following sources of short-term credit is also known as accounts payable??
A. ?Trade credit B. ?Revolving credit C. ?Promissory notes D. ?Lines of credit E. ?Commercial paper