Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the

Question:

Daguio uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $370,570. At the end of the year, actual direct labor-hours for the year were 20,800 hours, manufacturing overhead for the year was under-applied by $19,900, and the actual manufacturing overhead was $362,320. The predetermined overhead rate for the year must have been closest to:
a. $17.42
b. $16.86
c. $17.82
d. $16.46
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...