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.
A) $205
B) $153
C) $300
D) $120
Correct Answer:
Verified
Q1: Companies calculate the predetermined overhead rate at
Q3: Manufacturing overhead costs,which are also known as
Q4: A furniture manufacturer has decided that its
Q5: Direct material costs and direct labor costs
Q6: Bag Ladies,Inc.manufactures two kinds of bags-totes
Q7: Bella,Inc.manufactures two kinds of bags-totes and
Q8: Drive Safe,Inc.a leading manufacturer of car
Q9: Tungsten,Inc.manufactures both normal and premium tube
Q10: The predetermined overhead allocation rate is an
Q11: A modification of the overhead allocation method
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents