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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 |
$ | 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 ?
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