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 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead Actual machine-hours for the year The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $31.70 per machine-hour $6.14 per machine-hour $32.40 per machine-hour $26.26 per machine-hour 30,900 $6.14 per machine-hour $ 811,434 27,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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
Estimated variable manufacturing overhead
Estimated total fixed manufacturing overhead
Actual machine-hours for the year
The predetermined overhead rate for the recently completed year was closest to:
Multiple Choice
$31.70 per machine-hour
$6.14 per machine-hour
$32.40 per machine-hour
$26.26 per machine-hour
30,900
$ 6.14 per machine-hour
$ 811,434
27,400
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 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead Actual machine-hours for the year The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $31.70 per machine-hour $6.14 per machine-hour $32.40 per machine-hour $26.26 per machine-hour 30,900 $ 6.14 per machine-hour $ 811,434 27,400
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