Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Under-applied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000 Simone's actual labor hours worked totaled: Select one: a. 48,100 b. 49,100 C. 49,900 d. 50,900 e. cannot be determined based on the information presented

Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Under-applied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000 Simone's actual labor hours worked totaled: Select one: a. 48,100 b. 49,100 C. 49,900 d. 50,900 e. cannot be determined based on the information presented

Name: Simone uses a predetermined overhead application rate of $8 per direc
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Description: Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of thecompany's accounting records for the year just ended discovered the following:Under-applied manufacturing overhead: $7,200Actual manufacturing overhead

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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6. Darrow Company uses a predetemined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 10,000 direct labor-hours and incurred S80,000 of actual manufacturing overhead cost. If overhead was underapplied by $2.000, the predetermined overhead rate for the company for the year must have been: $7.80 $8.00 $8.20 $8.40
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