Question: Letena Plc Ltd. is developing their manufacturing overhead budget for July, which is based on budgeted direct labor hours. The variable overhead rate is $4.40

Letena Plc Ltd. is developing their manufacturing overhead budget for July, which is based on budgeted direct labor hours. The variable overhead rate is $4.40 per direct labor hour and 13,387 direct labor hours are budgeted for July. Fixed manufacturing overhead is budgeted at $151,000. All overhead costs are current cash flows except for $30,200 of depreciation. The predetermined overhead rate every month is recomputed every month. What should the predetermined overhead rate for July be? Question 16Select one: A. $15.68 B. $20.30 C. $4.40 D. $22.56 E. $6.66

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