Question: Petty Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $143,000 and 10,500 direct labor hours

Petty Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $143,000 and 10,500 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: $10.37 $12.10 $13.62 $13.12

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