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H3Ko H3Ko
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7 years ago
Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost. The manufacturing overhead cost allocated during the year is $300,000. The details of production and costs incurred during the year are as follows:

Actual direct materials cost   $812,000
Actual direct labor cost   $170,000
Actual overhead costs incurred   $264,000
Total direct labor hours   5,580 hours

What is the predetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.)
A) 88.00%
B) 176.47%
C) 36.95%
D) 64.39 %
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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