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Bear Mfg. provided the following information from its accounting records for 2020: Expected production 6,000 labor hours Actual production 8,000 labor hours Budgeted overhead $240,000

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Bear Mfg. provided the following information from its accounting records for 2020: Expected production 6,000 labor hours Actual production 8,000 labor hours Budgeted overhead $240,000 Actual overhead $255,000 How much is the overhead application rate if Bear bases the rate on direct labor hours? O $42.50 O $40 O $30 O $31.88

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