Question: I need guidance with this general accounting problem using the right accounting principles. Boston Manufacturing applies manufacturing overhead based on machine-hours. The following information is

I need guidance with this general accounting problem using the right accounting principles.

Boston Manufacturing applies manufacturing overhead based on machine-hours. The following information is provided for the most recent year: Estimated Manufacturing Overhead = $120,000 - Estimated Machine Hours = 3,000 Actual Manufacturing Overhead = $118,500 Actual Machine Hours = 2,950 What is the predetermined overhead rate? a. $39.00 b. $40.00 c. $41.00 d. $38.50

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