Question 1 0.5 pts A company uses job-order costing and allocates costs using direct labor hours...

Transcribed Image Text:

Question 1 0.5 pts A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year, the company had estimated the following: Estimated total overhead cost: $880,000 Estimated total direct labor hours: 850 hours At the end of the year, the company's actual results indicated the following: Actual total overhead cost: $855,200 Actual direct labor hours: 71 hours What was the company's predetermined manufacturing overhead rate for the year? (Round to the nearest dollar and cents.) Question 1 0.5 pts A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year, the company had estimated the following: Estimated total overhead cost: $880,000 Estimated total direct labor hours: 850 hours At the end of the year, the company's actual results indicated the following: Actual total overhead cost: $855,200 Actual direct labor hours: 71 hours What was the company's predetermined manufacturing overhead rate for the year? (Round to the nearest dollar and cents.)