Business, 07.11.2019 01:31 Renebebe1

Gilchrist corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. at the beginning of the most recently completed year, the corporation estimated the machine-hours for the upcoming year at 79,000 machine-hours. the estimated variable manufacturing overhead was $7.38 per machine-hour and the estimated total fixed manufacturing overhead was $2,347,090. the predetermined overhead rate for the recently completed year was closest to: a) $37.09 per machine-hour b) $36.07 per machine-hour c) $7.38 per machine-hour d) $29.71 per machine-hour

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