Caple Corporation applies manufacturing overhead on the basi…
Caple Corporation applies manufacturing overhead on the basis of machine hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $16,660. Actual manufacturing overhead for the year amounted to $25,000 and actual machine hours were 1,460. The company’s predetermined overhead rate for the year was $11.90 per machine-hour.The overhead for the year was: