Pinacle Corp

question 52

Multiple Choice

Pinacle Corp.budgeted $700,000 of overhead cost for the current year.Actual overhead costs for the year were $650,000.Pinacle's plantwide allocation base,machine hours,was budgeted at 100,000 hours.Actual machine hours were 80,000.A total of 100,000 units was budgeted to be produced and 98,000 units were actually produced.Pinacle's plantwide factory overhead rate for the current year is:

• A) $8.13 per machine hour
• B) $7.00 per machine hour
• C) $6.50 per machine hour
• D) $8.75 per machine hour

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Definitions:

Declaration Statement

A statement in programming that declares a new variable or function, specifying its type and, optionally, initializing it.

Function Body

The section of a function in a program that contains the actual statements that execute when the function is called.

Local To Main

Relates to variables or functions that are accessible within the main function, typically contrasting with global scope.

Program

A set of instructions written in a programming language that a computer follows to perform specific tasks or solve problems.