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Thomlin Company forecasts that total factory overhead for the current year will be $11,338,000 with 181,000 total machine hours. Year to date, the actual factory overhead is $7,949,000 and the actual machine hours are 84,000 hours. The predetermined factory overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a. $95 per machine hour b. $44 per machine hour c. $135 per machine hour d. $63 per machine hour

Thomlin Company forecasts that total factory overhead for the current year will be $11,338,000 with 181,000 total machine hours. Year to date, the actual factory overhead is $7,949,000 and the actual machine hours are 84,000 hours. The predetermined factory overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a. $95 per machine hour b. $44 per machine hour c. $135 per machine hour d. $63 per machine hour

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Thomlin Company forecasts that total factory overhead for the current year will be $11,338,000 with 181,000 total machine hours. Year to date, the actual factory overhead is $7,949,000 and the actual machine hours are 84,000 hours. The predetermined factory overhead rate based on machine hours is

Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

a. $95 per machine hour
b. $44 per machine hour
c. $135 per machine hour
d. $63 per machine hour
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