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Pinacle Corp. budgeted $240,550 of overhead cost for the current year. Actual overhead costs for the year were $215,420. Pina

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Correct answer---------(a) $4.48 per machine hour

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Calculation of Predetermined overhead rate
(A) Estimated Overheads $      240,550.00
(B) Total machine hours estimated 53,640
(A/B) Predetermined overhead rate $                   4.48 per machine hour
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