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Jackson Inc. listed the following data for 2019: כ7 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,256, 000 80,000 40,000 1,201,200 86,500 39,600 Assuming Jackson Inc. applied overhead based on machine hours, the firms predetermined overhead rate for 2019 (round calculations to 2 significant digits) isMultiple Choice $37.98 per machine hour $32.95 per machine hour $31.70 per machine hour. $28.33 per machine hour 31.40 per machine hour

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Answer #1

Correct Answer = Option #5: $ 31.40 per machine hour

A Total Budgeted factory Overhead $1,256,000
B Budgeted Machine hours                     40,000
C = A/B Predetermined Overhead rate $                   31.40 per machine hour
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