Multiple Choice
Use the following information to answer questions
A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000, and actual machine hours totalled 97,000 hours.
-How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours?
A) $7.45
B) $7.50
C) $7.68
D) $7.73
Correct Answer:
Verified
Correct Answer:
Verified
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