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The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per
The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation.
If the budgeted direct labor time for October is 8,000 hours, then the total budgeted manufacturing overhead for October is:
A. $96,000
B. $78,000
C. $64,000
D. $76,000
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