Pinacle Corp. budgeted $266,000 of overhead cost for the cur…
Pinacle Corp. budgeted $266,000 of overhead cost for the current year. Actual overhead costs for the year were $255,970. Pinacle’s plantwide allocation base, machine hours, was budgeted at 53,320 hours. Actual machine hours were 49,300. A total of 91,840 units was budgeted to be produced and 98,000 units were actually produced. What is Pinacle’s plantwide factory overhead rate for the current year?
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