Daget Corporation uses direct labor hours at its default overhead rate. At the beginning of the year,
Fantastic news! We've Found the answer you've been seeking!
Question:
Daget Corporation uses direct labor hours at its default overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,980. At the end of the year, the actual direct labor hours for the year were 24,000 hours, the manufacturing overhead for the year was overapplied by $8 900 and actual manufacturing overhead costs were $361,660.
What would be the default overhead rate for the year?
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
Posted Date: