Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours $257,750 35,000 36,000 OA. 78% of direct labor cost OB. 80% of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Estimated direct labor cost $330,400 Actual direct labor cost $320,300 Factory depreciation $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? Factory rent Factory property taxes Indirect materials $30,200 $22,400 $53,700 $47,700 $28,100 $33,000

Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours $257,750 35,000 36,000 OA. 78% of direct labor cost OB. 80% of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Estimated direct labor cost $330,400 Actual direct labor cost $320,300 Factory depreciation $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? Factory rent Factory property taxes Indirect materials $30,200 $22,400 $53,700 $47,700 $28,100 $33,000

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Description: Here are selected data for Wilson CompanyEstimated manufacturing overheadEstimated labor hoursActual direct labor hoursEstimated direct labor costActual direct labor costFactory depreciation$257,75035,00036,000$330,400$320,300$65,400If the company a

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

Here are selected data for Wilson Company
Estimated manufacturing overhead
Estimated labor hours
Actual direct labor hours
Estimated direct labor cost
Actual direct labor cost
Factory depreciation
$257,750
35,000
36,000
$330,400
$320,300
$65,400
If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate?
OA. 78% of direct labor cost
OB. 80 % of direct labor cost
OC. 128% of direct labor cost
OD. 103% of direct labor cost
Factory utilities
Indirect labor
Sales commissions
Factory rent
Factory property taxes.
Indirect materials
COS
$30,200
$22,400
$53,700
$47,700
$28,100
$33,000

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