Question: George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $ 235,400 Actual manufacturing overhead

George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow.

Estimated manufacturing overhead cost $ 235,400

Actual manufacturing overhead cost $ 244,600

Estimated machine hours 20,400

Actual machine hours 22,800

The estimates were made as of the beginning of theyear, while the actual results were for the entire year.

The predetermined manufacturing overhead rate per machine hour is closest to(Round your answer to the nearestcent.)

A. $0.96.

B. $ 11.54

C. $10.73.

D. $ 11.99

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Ryan's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235, 700 Actual manufacturing overhead cost $244, 800...

Q:

George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow Estimated manufacturing overhead cost $235.300 Actual manufacturing overhead cost $244.700...

Q:

Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $ 235 comma 800 Actual manufacturing overhead cost $ 244 comma...

Q:

2 Q please Question 10 4 pts Selected information regarding a company's most recent quarter follows (all data in thousands). Purchases of direct materials............... $290 Sales revenue............

Q:

1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $50032 and raw material purchases were $37868. The end of month balance in raw materials inventory was $5595. What was...

Q:

1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $50032 and raw material purchases were $37868. The end of month balance in raw materials inventory was $5595. What was...

Q:

1.Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $251419 Actual manufacturing overhead cost $245599...

Q:

1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $50032 and raw material purchases were $37868. The end of month balance in raw materials inventory was $5595. What was...

Q:

Selected financial information for Brookeville Manufacturing in presented in the following table (000s omitted) Click the icon to view the data) What was the cost of direct materials used? A $520...

Q:

Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine...

Q:

An e.m.f. of 1.5kV is induced in a coil when a current of 4 A collapses uniformly to zero in 8 ms. Determine the inductance of the coil.

Q:

Following are the total yards gained rushing during the 2012 season by 14 running backs of 14 college football teams. Prepare a stem-and-leaf display. Arrange the leaves for each stem in increasing...

Q:

What is the top priority for corporate treasurers?Visibility of cash balances.Optimising working capital.Credit rating of counterparties.

Q:

In your school or organization, identify two business functions (or systems) that require high-availability and determine the RTO and RPO of each system. Select an organization of your choice and...

Q:

Peoples understanding of what is being said

Q:

5. Develop a circular model, with positive and negative feedback loops, showing the relationships between the following critical variables: The population of a city Industrialization Relocation ...

Q:

The quality of the proposed ideas