Question: Managerial Accounting: Please explain and show all steps. 49. Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the

Managerial Accounting: Please explain and show all steps.

Managerial Accounting: Please explain and show all steps. 49. Baker Corporation applies

49. Baker 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 $210,600 and 6,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $209,000 and actual direct labor-hours were 5,980. The predetermined overhead rate for the year was closest to: $34.95 $34.83 $34.98 $35.10

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