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

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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Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months.July August September October November DecemberUnits Produced18,000 32,000 36,000 22,000 40,000 38,000Total Cost$36,000 48,000 55,000 38,000 74,500 62,000Compute the variable- and fixed-cost elements using the high-low method.
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