Ask Question
BusinessBusiness
7 September, 01:23

Hairr Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $9.50 per machine-hour and fixed manufacturing overhead cost of $947,672 per period. If the denominator level of activity is 8,900 machine-hours, what would be the predetermined overhead rate

+4
Answers (1)
  1. 7 September, 03:09
    0
    Estimated manufacturing overhead rate = $115.98 per machine hour

    Explanation:

    Giving the following information:

    variable manufacturing overhead cost of $9.50 per machine-hour

    The fixed manufacturing overhead = $947,672 per period.

    If the denominator level of activity is 8,900 machine-hours

    To calculate the estimated manufacturing overhead rate we need to use the following formula:

    Estimated manufacturing overhead rate = total estimated overhead costs for the period / total amount of allocation base

    Estimated manufacturing overhead rate = (947,672/8,900) + 9.5

    Estimated manufacturing overhead rate = $115.98 per machine hour
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Hairr Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $9.50 per machine-hour and fixed ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In an auction, potential buyers compete for a good by submitting bids. Adam Galinsky, a social psychologist at Northwestern University, compared eBay auctions in which the same good was sold.
Answers (1)
You have decided to try to make a fortune by buying the bonds of distressed companies. You have found a C-rated bond that has a YTM of 29.6%, a coupon rate of 5.2% with semi-annual coupon payments, a par value of $1000, and 4.
Answers (1)
A bank employee so customers personal identification information to a third party. What law did the employee break? A. Fair Credit Reporting Act B. Right to Financial Privacy Act C. Federal Deposit Insurance Act D.
Answers (1)
Squire corporation charged job 110 withâ $13,400 of direct materials andâ $11,900 of direct labor. allocation for manufacturing overhead isâ 75% of direct labor costs. what is the total cost of jobâ 110? a. â$8,925 b. â$41,167 c. â$34,225 d.
Answers (1)
The Federal Reserve raised interest rates. Which of the following will most likely be an international consequence of this action? A. The number of international banks will decrease. B. The tax on exported goods will increase C.
Answers (1)
New Questions in Business
At a recent staff meeting, the director of the centerville diagnostic imaging center told the staff, "our clients hate to waste time in a waiting room, and they may go to another center if we don't provide prompt service.
Answers (1)
Implicit transaction
Answers (1)
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $8 each or to produce them in-house.
Answers (2)
A stock's holding period return represents: a. the return from a stock relative to the return from a specific portfolio. b. the total return earned over a specific period through buying and selling an asset. c.
Answers (1)
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers.
Answers (1)
Home » Business » Hairr Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $9.50 per machine-hour and fixed manufacturing overhead cost of $947,672 per period.
Sign Up Forgot Password?