Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...
Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $298,350. At the end of the year, actual direct labor-hours for the year were 20,200 hours, manufacturing overhead for the year was underapplied by $14,100, and the actual manufacturing overhead was $284,780. The predetermined overhead rate for the year must have been closest to:
Multiple Choice
-
$13.40.
-
$14.77.
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$14.10.
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$12.93.
Homework Answers
Total applied overhead would be=284780-14100
=$270680[Since applied overhead is underapplied;hence applied overhead is less than actual overhead]
Applied overhead=Predetermined overhead rate*Actual labor hours
Predetermined overhead rate=(270680/20200)
=$13.40
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