The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31:           Actual manufacturing overhead costs $ 224,500   Actual direct labor hours   56,100   Actual direct labor costs $ 457,000   Estimated manufacturing overhead costs $ 197,340   Estimated direct labor $ 446,000   Estimated direct labor hours   57,200       What is the predetermined manufacturing overhead rate per direct labor hour?   Multiple Choice A) $3.45. B) $3.92. C) $4.00. D) $3.52.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%

TB MC Qu. 6-52 (Algo) The following information has been gathered...

 

The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31:

 

       
Actual manufacturing overhead costs $ 224,500  
Actual direct labor hours   56,100  
Actual direct labor costs $ 457,000  
Estimated manufacturing overhead costs $ 197,340  
Estimated direct labor $ 446,000  
Estimated direct labor hours   57,200  
 

 

What is the predetermined manufacturing overhead rate per direct labor hour?

 

Multiple Choice
  • A)

    $3.45.

  • B)

    $3.92.

  • C)

    $4.00.

  • D)

    $3.52.

 
Which answer is correct ?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education