valvano corporation uses a job - order costing system with a single, plantwide, predetermined overhead rate…

valvano corporation uses a job - order costing system with a single, plantwide, predetermined overhead rate based on machine - hours. the company based its predetermined overhead rate for the current year on a total fixed manufacturing overhead cost of $440,000, variable manufacturing overhead of $2.20 per machine - hour, and 50,000 machine - hours. the estimated total manufacturing overhead is closest to\n$440,000.\n$440,002.\n$110,000.\n$550,000.

valvano corporation uses a job - order costing system with a single, plantwide, predetermined overhead rate based on machine - hours. the company based its predetermined overhead rate for the current year on a total fixed manufacturing overhead cost of $440,000, variable manufacturing overhead of $2.20 per machine - hour, and 50,000 machine - hours. the estimated total manufacturing overhead is closest to\n$440,000.\n$440,002.\n$110,000.\n$550,000.

Answer

Explanation:

Step1: Calculate variable manufacturing overhead

Variable manufacturing overhead = Variable rate per machine - hour × Machine - hours Variable manufacturing overhead = (2.20\times50000=$110000)

Step2: Calculate total manufacturing overhead

Total manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead Total manufacturing overhead = (440000 + 110000=$550000)

Answer:

($550,000)