Question: Gelly Corp. allocates manufacturing overhead using machine hours. Gelly estimated 12,000 machine hours and $93,000 of manufacturing overhead costs for the year.Actual machine hours were

Gelly Corp. allocates manufacturing overhead using machine hours. Gelly estimated 12,000

Gelly Corp. allocates manufacturing overhead using machine hours. Gelly estimated 12,000 machine hours and $93,000 of manufacturing overhead costs for the year.Actual machine hours were 16,000, and the following actual costs were incurred: Direct Labor: $75,000, Period Costs: $137,000, Manufacturing Overhead: $83,000 What is Gelly's predetermined overhead rate? A. $5.19/machine hour B. $5.81/machine hour C. $6.92/machine hour D. $7.75/machine hour

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