Question
Concord Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $ 1168000. Management decided to use
Concord Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $ 1168000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 73000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control.
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What predetermined overhead rate did Concord use during the year (if necessary, round your answer to two decimal places)?
$ 16.97 per DLH
$ 20.33 per DLH
$ 19.65 per DLH
$ 16.00 per DLH
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