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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $358,900 and direct labor hours would be 41,500. Actual manufacturing overhead costs incurred were $308,700, and actual direct labor hours were 52,100. What is the predetermined overhead rate per direct labor hour? Oa. $12.97 Ob. $6.92 Oc. $10.38 Od. $8.65

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $358,900 and direct labor hours would be 41,500. Actual manufacturing overhead costs incurred were $308,700, and actual direct labor hours were 52,100. What is the predetermined overhead rate per direct labor hour? Oa. $12.97 Ob. $6.92 Oc. $10.38 Od. $8.65

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $358,900 and direct labor hours would be 41,500. Actual manufacturing overhead costs incurred were $308,700, and actual direct labor hours were 52,100. What is the predetermined overhead rate per direct labor hour? Oa, $12.97 Ob. $6.92 Oc. $10.38 Od. $8.65
Transcribed Image Text:A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $358,900 and direct labor hours would be 41,500. Actual manufacturing overhead costs incurred were $308,700, and actual direct labor hours were 52,100. What is the predetermined overhead rate per direct labor hour? Oa, $12.97 Ob. $6.92 Oc. $10.38 Od. $8.65
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