Question: The Space Company uses machine hours as the allocation base for assigning indirect product costs to its various product lines. At the start of the
The Space Company uses machine hours as the allocation base for assigning indirect product costs to its various product lines. At the start of the period, it is estimated that production is going to require 9819 machine hours during the year. The fixed manufacturing overhead is estimated at 245415 with the variable manufacturing overhead estimated at $2.11 per machine hour. At the end of the period, it was determined that the Space Company actually incurred 11628 machine hours with actual total overhead of $233762. What is the total overhead used in calculated the predetermined overhead rate? Round your answer to two decimal places
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