The Silver Corporation uses a predeterminedoverheadrate based on labor cost indepartmentA and machine-hours in department B to apply manufacturing overhead to jobs.Thepredeterminedoverhead rate is a method used by companies to allocate manufacturing overhead costs to jobs or products. In the case of the Silver Corporation, they have chosen to use different cost drivers for different departments. In department A, the predetermined overhead rate is based on labor cost. This means that the overhead costs allocated to each job in department A will be determined by the labor costassociatedwith that job. On the other hand, in department B, the predetermined overhead rate is based on machine-hours. This means that the overhead costs allocated to each job in department B will be determined by the machine-hours required for that job.By using different cost drivers, the Silver Corporation acknowledges that the overhead costs incurred in each department are driven by different factors. Labor cost is often asignificantdriver of overhead costs in labor-intensive departments, while machine-hours are a common measure in departments where machines play a crucial role inproduction.These predetermined overhead rates are established at the beginning of the year based on estimates. However, it is important for the Silver Corporation to regularly review and adjust these rates throughout the year to ensure they accurately reflect the actualoverheadcosts incurred in each department. This allows for more accurate allocation of overheadexpenseto jobs, resulting in better cost control and decision-making.Learn more aboutexpensehere:brainly.com/question/29850561#SPJ11...

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