A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utilities The company uses machine hours as its overhead allocation base. If 400.000 machine hours are planned for this next year, wha is the company's plantwide overhead rate? (Round your answer to two decimal places.) Multiple Choice
A. $0.05 per machine hour
B. $21.19 per machine hour
C. $20.80 per machine hour
D. $0.39 per machine hour.
E. $2.57 per machine hour
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utilities The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
An employer has a duty to indemnify, or compensate an employee for any losses suffered as a result of authorized legal acts that the employee performs under the employment agreement. (A) True (B) False
Answers (1)
Mansfield Pharmaceuticals markets Zipro, an antibiotic. The firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. What is the break-even volume?
Answers (1)
A machine with a cost of $176,000, accumulated depreciation of $108,000, and current year depreciation expense of $28,500 is sold for $58,400 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:
Answers (1)
Name the four principles on which the u. s. economic system is based.
Answers (1)
Judy's Boutique just paid an annual dividend of $3.31 on its common stock. The firm increases its dividend by 3.75 percent annually. What is the company's cost of equity if the current stock price is $42.28 per share
Answers (2)
New Questions in Business
Ruth is having hardwood floors installed in her living room. the cost for the material is $2840 plus an installation charge of $1.90 per square foot.
Answers (1)
You read the Electricity City Utility Company has problems. Its headquarters had an expansive retaining wall collapse during a flood last week. This led to toxic coal ash flows that buried homes and even caused a few fatalities.
Answers (1)
If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero. a. True b. False
Answers (1)
At April 30, Tamarisk, Inc. has the following bank information: Cash balance per bank $7200 Outstanding checks $440 Deposits in transit $800 Credit memo for interest $15 Bank service charge $30 What is Tamarisk adjusted cash balance on April 30?
Answers (1)
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 9,700 direct labor-hours will be required in February. The variable overhead rate is $8.30 per direct labor-hour.
Answers (1)