Giannitti Corporation Bases Its Predetermined Overhead Rate on the Estimated

question 108

Multiple Choice

Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: The predetermined overhead rate for the recently completed year was closest to:

• A) $29.39 per machine-hour
• B) $32.40 per machine-hour
• C) $32.81 per machine-hour
• D) $3.01 per machine-hour

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