A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 2,400 MHs Overhead costs at the denominator activity level: Variable overhead cost $ 25,430 Fixed overhead cost $ 27,370 The following data pertain to operations for the most recent period: Actual hours 2,300 MHs Standard hours allowed for the actual output 2,440 MHs Actual total variable manufacturing overhead cost $ 21,440 Actual total fixed manufacturing overhead cost $ 28,560 The predetermined overhead rate is closest to:

Predetermined manufacturing overhead rate= $22 per machine hour

Explanation:

Giving the following formula:

Denominator level of activity 2,400 MHs

Variable overhead cost $ 25,430

Fixed overhead cost $ 27,370

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (25,430 + 27,370) / 2,400

Predetermined manufacturing overhead rate= $22 per machine hour

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.