Question: Can you explain the correct methodology to solve this general accounting problem? During April 2023, Lakeview Manufacturing incurred $320,000 in factory overhead costs. The company

Can you explain the correct methodology to solve this general accounting problem?

During April 2023, Lakeview Manufacturing incurred $320,000 in factory overhead costs. The company applies overhead based on direct labor hours. The predetermined overhead formula estimated $304,000 in overhead for the month and expected 6,400 direct labor hours. During April, 12,500 hours were actually worked. What is the standard overhead rate per direct labor hour

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