DATA ANALY ACCT + CONNECT LL
DATA ANALY ACCT + CONNECT LL
1st Edition
ISBN: 9781266167867
Author: RICHARDSON
Publisher: MCG/CREATE
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Chapter 1, Problem 10MCQ
To determine

Identify the appropriate answer for the given statement from the given choices.

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Darnell Industries uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $450,000. At the end of the year, actual direct labor-hours for the year were 30,000 hours, manufacturing overhead for the year was overapplied by $12,000, and the actual manufacturing overhead was $440,000. The predetermined overhead rate for the year must have been closest to:
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