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Kobe, Inc. had the following information relating to 2020. Budgeted factory overhead 74,800 Actual factory overhead 78,300 Applied factory overhead 76,500 Estimated labor hours 44,000

Kobe, Inc. had the following information relating to 2020. Budgeted factory overhead 74,800 Actual factory overhead 78,300 Applied factory overhead 76,500 Estimated labor hours 44,000 If Kobe decides to use the actual results from 2020 to determine the 2021 overhead rate, what will the 2021 overhead rate be?

a. 1.740

b. 1.650

c. 1.779

d.1.738

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