K A furniture corporation manufactures two models of furniture Standard and Deluxe. The total estimated manufacturing overhead costs are $64,350. The following estimates are available Deluxe $280 $140 550 Standard $240 $125 240 Direct materials cost per unit Direct labor cost per unit Number of units The company uses direct labor costs as the base to allocate manufacturing overhead. Calculate the predetermined overhead rate (Round your answer to two decimal places.) O A. 60.14% OB. 32.3% OC. 30.41% OD. 191 52% A furniture corporation manufactures two models of furniture Standard and Delure. The total estimated manufacturing overhead costs are $64,350 The foowing estimates are availableKStandardDeluDirect materials cost per uni$240Direct labor cost per unit$125Number of units240The company uses direct labor costs as the base to allocate manufacturing everbead Calculate the predetermined overhead rate. (Round your answer to two decimal places)OA. 60.14%OB. 323%OC. 3041%OD 19152%$200$140550CETT

Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Answered: K A furniture corporation manufactures…

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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K A furniture corporation manufactures two models of furniture Standard and Deluxe. The total estimated manufacturing overhead costs are $64,350. The following estimates are available Deluxe $280 $140 550 Standard $240 $125 240 Direct materials cost per unit Direct labor cost per unit Number of units The company uses direct labor costs as the base to allocate manufacturing overhead. Calculate the predetermined overhead rate (Round your answer to two decimal places.) O A. 60.14% OB. 32.3% OC. 30.41% OD. 191 52%

A furniture corporation manufactures two models of furniture Standard and Delure. The total estimated manufacturing overhead costs are $64,350 The foowing estimates are available
K
Standard
Delu
Direct materials cost per uni
$240
Direct labor cost per unit
$125
Number of units
240
The company uses direct labor costs as the base to allocate manufacturing everbead Calculate the predetermined overhead rate. (Round your answer to two decimal places)
OA. 60.14%
OB. 323%
OC. 3041%
OD 19152%
$200
$140
550
CETT

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