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Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $218.700. At the
Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $218.700. At the end of the year, actual direct labor-hours for the year were 19,000 hours, manufacturing overhead for the year was underapplied by $13, 200, and the actual manufacturing overhead was $212, 700. The predetermined overhead rate for the year must have been closest to: $10.50 $11.44 $11.16 $9.63
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