Question: Question 1 Smith Paints allocates overhead based on machine hours. Selected data for the most recent year is as follows: Estimated manufacturing overhead cost R250

Question 1

Smith Paints allocates overhead based on machine hours. Selected data for the most recent year is as follows:

Estimated manufacturing overhead cost

R250 000

Actual manufacturing overhead cost

R300 000

Estimated machine hours

20 000

Actual machine hours

21 000

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

Calculate the predetermined overhead rate

A.

R14.29
B.

R12.50
C.

R11.90
D.

R15.00

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