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What is the standard overhead allocation rate

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Problem - The following data is given for Thompson Company:

Actual overhead costs $500,000

Budgeted overhead costs $400,000

Actual machine hour 43,000 hours

Budgeted machine hours 41,025 hours

Required - What is the standard overhead allocation rate using machine hours for the allocation base?

A. $11 63 per machine hour

B. $9.30 per machine hour

C. $12. 19 per machine hour

D. $9.75 per machine hour

Reference no: EM132826809

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