Capone Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
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Capone Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $77.250 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $79,000 and actual direct labor-hours were 2,400. Capone's predetermined overhead rate for the year was: O $32.92 per direct labor hour O $31.60 per direct labor hour O $30.90 per direct labor hour O $29.66 per direct labor hour Capone Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $77.250 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $79,000 and actual direct labor-hours were 2,400. Capone's predetermined overhead rate for the year was: O $32.92 per direct labor hour O $31.60 per direct labor hour O $30.90 per direct labor hour O $29.66 per direct labor hour
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Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
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