Which of the following would be an acceptable measure of activity for a material handling activity cost pool? Multiple Choice No Number of material moves Yes Multiple Choice No Yes $28.21 per machine-hour $31.75 per machine-hour Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 46,000 machine-hours. The estimated variable manufacturing overhead was $4.54 per machine-hour and the estimated total fixed manufacturing overhead was $1,297,660. The predetermined overhead rate for the recently completed year was closest to: $4.54 per machine-hour Yes $32.75 per machine-hour Weight of material moved Yes No No
Which of the following would be an acceptable measure of activity for a material handling activity cost pool? Multiple Choice No Number of material moves Yes Multiple Choice No Yes $28.21 per machine-hour $31.75 per machine-hour Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 46,000 machine-hours. The estimated variable manufacturing overhead was $4.54 per machine-hour and the estimated total fixed manufacturing overhead was $1,297,660. The predetermined overhead rate for the recently completed year was closest to: $4.54 per machine-hour Yes $32.75 per machine-hour Weight of material moved Yes No No
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Which of the following would be an acceptable measure of activity for a material handling activity cost pool?
Multiple Choice
о
No
Number of material moves
Yes
Multiple Choice
No
Yes
$28.21 per machine-hour
$31.75 per machine-hour
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the
beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 46,000
machine-hours. The estimated variable manufacturing overhead was $4.54 per machine-hour and the estimated total fixed
manufacturing overhead was $1,297,660. The predetermined overhead rate for the recently completed year was closest to:
$4.54 per machine-hour
Yes
$32.75 per machine-hour
Weight of material moved
Yes
No
No](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff528cbe5-8563-4fa3-8e30-57f8892c986e%2F18672604-a388-4822-a55e-f92d436908da%2Fy6joz8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following would be an acceptable measure of activity for a material handling activity cost pool?
Multiple Choice
о
No
Number of material moves
Yes
Multiple Choice
No
Yes
$28.21 per machine-hour
$31.75 per machine-hour
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the
beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 46,000
machine-hours. The estimated variable manufacturing overhead was $4.54 per machine-hour and the estimated total fixed
manufacturing overhead was $1,297,660. The predetermined overhead rate for the recently completed year was closest to:
$4.54 per machine-hour
Yes
$32.75 per machine-hour
Weight of material moved
Yes
No
No
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education