Question: I need the correct answer to this general accounting problem using the standard accounting approach. Corel Industries has the following estimated costs for the next

I need the correct answer to this general accounting problem using the standard accounting approach.

Corel Industries has the following estimated costs for the next year: Item Cost Direct Materials $6,500 Direct Labor $28,000 Rent on Factory Building $20,000 Sales Salaries $26,000 Depreciation on Factory Equipment $9,000 Indirect Labor $11,500 Production Supervisor's Salary $13,000 Corel Industries estimates that 22,000 direct labor-hours will be worked during the year. If overhead is applied on the basis of direct labor-hours, what will be the overhead rate per hour? a. $2.43 b. $2.46 c. $3.48 d. $4.36

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