Pinnacle Corp. budgeted $239,440 of overhead cost for the current year. Actual overhead costs for the year were $230,840. Pinnacle's plantwide allocation base, machine hours, was budgeted at 48,570 hours. Actual machine hours were 46,340. A total of 106,230 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a.$4.75 per machine hour b.$2.17 per machine hour c.$2.25 per machine hour d.$4.93 per machine hour

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.