PLEASE WHEN SOLVING THIS PROBLEM CAN YOU PLEASE WRITE THIS VERY CLEARLY TO SHOW EACH STEP TO THE SOLUTION

Hobbibobbit Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $6.82 per machine-hour and the estimated total fixed manufacturing overhead was $230,200. The predetermined overhead rate for the recently completed year was closest to: O A) $6.82 per machine-hour B) $23.02 per machine-hour OC) $29.84 per machine-hour D) $23.15 per machine-hour Steve Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the number of units sold, then net operating income under the absorption method for the year will: OA) be equal to the net operating income under variable costing plus total fixed manufacturing costs. B) be equal to the net operating income under variable costing less total fixed manufacturing costs. C) be greater than the net operating income under variable costing. OD) be equal to the net operating income under variable costing