Biology Forums - Study Force

Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours	36,000
Estimated variable manufacturing overhead	$ 3.01	per machine-hour
Estimated total fixed manufacturing overhead	$ 1,058,040

The predetermined overhead rate for the recently completed year was closest to:

▸ $29.39 per machine-hour

▸ $32.40 per machine-hour

▸ $32.81 per machine-hour

▸ $3.01 per machine-hour

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