Two of Olive Co.s factory activities, prep and canning, use the activity base machine hours....
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Accounting
Two of Olive Co.s factory activities, prep and canning, use the activity base machine hours. Olives factory overhead rate for both the prep and canning activities is $5.80 per machine hour, and total machine hours used by the prep activity is 48,000 machine hours. Olives cost accountant correctly assigned factory overhead cost to Olives two products: black olives $470,000 and green olives $130,000.
Calculate the total machine hours used by the canning activity(round to the nearest machine hour).
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