Daget Corporation uses direct labor-hours labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,380. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,300, and the actual manufacturing overhead was $359,860. Calculate the predetermined overhead rate for the year.

Daget Corporation uses direct labor-hours labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,380. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,300, and the actual manufacturing overhead was $359,860. Calculate the predetermined overhead rate for the year.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 8PB: Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined...

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