Giles Inc Giles Inc manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200. Refer to the Giles
Inc information above. What was the predetermined overhead rate?
A) $10.00 per machine hour
B) $ .10 per machine hour
C) $ 9.80 per machine hour
D) $10.58 per machine hour
A
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