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Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $299,600;
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $299,600; materials of $404,000 and direct labor of $214,000. During the year Adams incurred $412,000 in materials costs, $414,700 in overhead costs and $218,000 in direct labor costs. Compute the predetermined overhead rate.
Multiple Choice
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190.0%.
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74%.
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71%.
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140.0%.
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188.0%.
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