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A company budgeted $256220 of overhead costs for the current year. actual overhead costs for the...

A company budgeted $256220 of overhead costs for the current year. actual overhead costs for the year were $200380. The plant wide allocation base, machine hours, was budgeted at 48910 hours. actual machine hours were 58760. A total of 99120 units was budgeted to be produced and 98000 units were actually produced. What is the companys overhead rate for the current year?

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Answer #1

Answer

-Note that allocation base = Machine Hours

-Calculation for answer

A Budgeted Overhead Cost $256,220
B Budgeted machine hours 48,910
C = A/B Company Overhead rate for current year $                        5.24 per machine hour [256220 / 48910]
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