This Question: 1 pt 3 of 20 (15 complete) Poland\'s Paints allocates overhead ba
ID: 2338096 • Letter: T
Question
This Question: 1 pt 3 of 20 (15 complete) Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours The estimates were made as of the beginning of the year, while the actual results were for the entire year. $238,100 $244,700 20,400 22,600 The amount of manufacturing overhead allocated for the year based on machine hours would have been (Round intermediary calculations to the nearest cent and final answer to the nearest dollar.) O A. $220,880. OB, $244,700. O C. $263,742. O D. $238,100.Explanation / Answer
Answer
Option C i.e. $263,742
Predetermined Overhead Rate = Estimated Manufacturing Overhead Cost / Estimated Machine Hours
Predetermined Overhead Rate = 238,100 / 20,400
Predetermined Overhead Rate = $11.67
Manufacturing Overhead allocated = Predetermined Overhead Rate * Actual Machine Hours
Manufacturing Overhead allocated = $11.67 * 22,600
Manufacturing Overhead allocated = $263,742