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Treasurers, Inc., a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base. Estimated overhead costs for the year are $9,000,000. Estimated machine hours are 30,000. D the year, the actual machine hours used were 44,000. Calculate the predetermined overhead allocation rate. .... O A. $300 O B. $120 Oc. $205 O D. $153

Treasurers, Inc., a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base. Estimated overhead costs for the year are $9,000,000. Estimated machine hours are 30,000. D the year, the actual machine hours used were 44,000. Calculate the predetermined overhead allocation rate. .... O A. $300 O B. $120 Oc. $205 O D. $153

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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Treasurers, Inc., a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base. Estimated overhead costs for the year are $9,000,000. Estimated machine hours are 30,000. During the year, the actual machine hours used were 44,000. Calculate the predetermined overhead allocation rate. O A. $300 O B. $120 OC. $205 O D. $153
Transcribed Image Text:Treasurers, Inc., a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base. Estimated overhead costs for the year are $9,000,000. Estimated machine hours are 30,000. During the year, the actual machine hours used were 44,000. Calculate the predetermined overhead allocation rate. O A. $300 O B. $120 OC. $205 O D. $153
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