Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the

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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:
A. 48,100. B. 49,100. C. 49,900. D. 50,900. E. cannot be determined based on the information presented.

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Managerial Accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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