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Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.

Estimated manufacturing overhead $176,700
Estimated machine-hours 1,900
Actual manufacturing overhead $168,100
Actual machine-hours 1,820


The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.

The predetermined overhead rate is closest to:

$93.00

$92.81

$92.36

$92.17

Business   Accounting   
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Answer #1

Option A

Predetermined overhead rate=Estimated manufacturing overheads/Estimated Machine Hours

                                         =$176,700/1,900

                                         =$93

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