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Accounting

Problem:

Simoneaux 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 company estimated the machine-hours for the upcoming year at 20,500 machine-hours.

Required:

The estimated variable manufacturing overhead was $5.70 per machine-hour and the estimated total fixed manufacturing overhead was $467,400. The predetermined overhead rate for the recently completed year was closest to:

$22.80 per machine-hour
$5.70 per machine-hour
$28.42 per machine-hour
$28.50 per machine-hour

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165448

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