Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overheadwas $365,280. 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$9,200, and the actual manufacturing overhead was $362,560. The predetermined overhead rate for the year must have been closest to:Multiple ChoiceOO$15.62 per direct labor-hour$15.22 per direct labor-hour$15.11 per direct labor-hour$15.49 per direct labor-hour

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Description: Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overheadwas $365,280. At the end of the year, actual direct labor-hours for the year were 24,000 hours, man

Given, Daget Corporation At the beginning of the year Manufacturing overhead = $365,280 Direct…

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head rate. At the beginning of the year, the Dagel Corporation was $365,280. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was $9,200, and the actual manufacturing overhead was $362,560. The predetermined overhead rate for the year must have been closest to: Multiple Choice $15.62 per direct labor-hour

head rate. At the beginning of the year, the Dagel Corporation was $365,280. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was $9,200, and the actual manufacturing overhead was $362,560. The predetermined overhead rate for the year must have been closest to: Multiple Choice $15.62 per direct labor-hour

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 company estimated the manufacturing overhead costs for the coming year at $420,00 The total estimated direct labor hours are 15,000 hours, and the estimated machine hou to be worked are 6,000 hours. The company allocates its manufacturing overhead cos based on the direct labor hours. What is the pre-determined overhead allocation rate? a. $20 per direct labor hour b. $70 per machine hour c. $28 per machine hour d. $28 per direct labor hour Answer O A O B OD
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