Oriole Company provided the following information from its accounting records for 2019. Expected production 100000 labor hours Actual production 96000 labor hours Budgeted overhead $900000 Actual overhead $860000 How much is the overhead application rate if Oriole Company bases the rate on direct labor hours? $9.00 per hour $9.38 per hour $8.96 per hour $8.60 per hour
Oriole Company provided the following information from its accounting records for 2019. Expected production 100000 labor hours Actual production 96000 labor hours Budgeted overhead $900000 Actual overhead $860000 How much is the overhead application rate if Oriole Company bases the rate on direct labor hours? $9.00 per hour $9.38 per hour $8.96 per hour $8.60 per hour
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Oriole Company provided the following information from its accounting records for 2019.
Expected production | 100000 labor hours |
Actual production | 96000 labor hours |
Budgeted |
$900000 |
Actual overhead | $860000 |
How much is the overhead application rate if Oriole Company bases the rate on direct labor hours?
$9.00 per hour
$9.38 per hour
$8.96 per hour
$8.60 per hour
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