Gensource Company provided the following information from its accounting records for 2021: Estimated production 60,000 labor hours
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Question:
Gensource Company provided the following information from its accounting records for 2021:
Estimated production 60,000
labor hours Actual production 56,000
labor hours Estimated overhead $1,800,000
Actual overhead $1,740,000
How much is the predetermined overhead rate if the Company bases it on direct labor hours?
Select one:
a. $31.07 per hour
b. $32.14 per hour
c. $29.00 per hour
d. $30.00 per hour
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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