Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year: Estimated machine-hours 41,000 Estimated variable manufacturing overhead 5.21 per machine-hour $1,228,770 Estimated total fixed manufacturing overhead Actual machine-hours for the year 37,600 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $34.75 per machine-hour $35.18 per machine-hour $5.21 per machine-hour $29.97 per machine-hour

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:
Estimates made at the beginning of the year:
Estimated machine-hours
41,000
Estimated variable manufacturing overhead
Estimated total fixed manufacturing overhead
Actual machine-hours for the year
$
5.21 per machine-hour
$1,228,770
37,600
The predetermined overhead rate for the recently completed year was closest to:
Multiple Choice
$34.75 per machine-hour
$35.18 per machine-hour
$5.21 per machine-hour
$29.97 per machine-hour
Transcribed Image Text:Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year: Estimated machine-hours 41,000 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead Actual machine-hours for the year $ 5.21 per machine-hour $1,228,770 37,600 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $34.75 per machine-hour $35.18 per machine-hour $5.21 per machine-hour $29.97 per machine-hour
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