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Calculate the predetermined overhead rate

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Question - Metalica Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $456,000, and machine hours would total 19,000. By 20x1 year-end, actual overhead totaled $504,000, and actual machine hours were 24,000. On the basis of this information, calculate the 20x1 predetermined overhead rate?

a. $0.04 per machine hour.

b. $0.05 per machine hour.

c. $19 per machine hour.

d. $21 per machine hour.

e. $24 per machine hour.

Reference no: EM132777342

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