Enrique Mares Enterprises applies overhead using direct labor hours. The following data are available for the year:
Question:
Expected direct labor hours ......... 600,000
Actual direct labor hours ........... 545,000
Overhead applied ............. $2,937,550
Actual overhead ............. $2,800,000
Required
What predetermined overhead rate did Enrique Mares use?
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Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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