HONESTY RESPONSIBILITY ETHICAL BEHAVIOR

The Honor Code was established by students

for students to foster an atmosphere of integrity.

Question $32$

P Corporation is using a predetermined overhead rate that was based on estimated total fixed

manufacturing overhead of $$121,000$ and $10,000$ direct labor$-$hours for the period. The company incurred

actual total fixed manufacturing overhead of $$113,000$ and $10,900$ total direct labor$-$hours during the

period. The predetermined overhead rate is closest to:

$$12\mathrm{.}10$

$$11\mathrm{.}30$

$$10\mathrm{.}37$

$$11\mathrm{.}10$