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bernie2981 bernie2981
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8 years ago
Ryan's Paints allocates overhead based on machine hours. Selected data for the most recent year follow.

Estimated manufacturing overhead cost   $235,000
Actual manufacturing overhead cost   $244,000
Estimated machine hours   20,000
Actual machine hours   22,500

The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The predetermined manufacturing overhead rate per machine hour is closest to
A) $12.20.
B) $11.75.
C) $10.84.
D) $10.44.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
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