Pinnacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year
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Pinnacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year were $650,000. Pinnacle's plant wide 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. Pinnacle's plant wide factory overhead rate for the current year is:
$8.13 per machine hour
$7.00 per machine hour
$6.50 per machine hour
$8.75 per machine hour
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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