ABC Company listed the following data for 20XX: Budgeted factory overhead $ 1,044,000 Budgeted direct labor hours
Question:
ABC Company listed the following data for 20XX:
Budgeted factory overhead $ 1,044,000
Budgeted direct labor hours 72,000
Budgeted machine hours 24,000
Actual factory overhead 1,037,400
Actual direct labor hours 72,600
Actual machine hours 23,600
Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate is:
a. | $ 43.50 per direct labor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
b. | $ 24.38 per direct labor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
c. | $ 44.24 per direct labor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
d. | $ 14.50 per direct labor ssuming ABC Company applied overhead based on machine hours, the company's predetermined overhead rate is:
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Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn