Question
Louis Company provided the following information from its accounting records for 2020: Expected production 60,000 labor hours Actual production 56,000 labor hours Budgeted overhead $1,200,000
Louis Company provided the following information from its accounting records for 2020:
| Expected production | 60,000 labor hours |
| Actual production | 56,000 labor hours |
| Budgeted overhead | $1,200,000 |
| Actual overhead | $1,160,000 |
How much is the overhead application rate if Louis Company bases it on direct labor hours?
| A. | $21.43 per hour | |
| B. | $20.00 per hour | |
| C. | $19.33 per hour | |
| D. | $20.71 per hour |
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Accounting Information Systems Connecting Careers Systems And Analytics
Authors: Arline A. Savage, Danielle Brannock, Alicja Foksinska
1st Edition
1119744474, 9781119744474
