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# The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the ...

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7 years ago
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered:

Total manufacturing overhead estimated at the beginning of the year   $103,520 Total direct labor costs estimated at the beginning of the year$185,000
Total direct labor hours estimated at the beginning of the year   3,500 direct labor hours
Actual manufacturing overhead costs for the year   $99,570 Actual direct labor costs for the year$150,000
Actual direct labor hours for the year   2,950 direct labor hours

The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.)
A) $1.86 B)$62.71
C) $29.58 D)$35.09
Textbook

## Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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### Related Topics

H3Ko Author
wrote...
6 years ago
 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
3 years ago
 thank you
wrote...
3 years ago
 thank you
wrote...
3 years ago
 Thank you
wrote...
3 years ago
 thanks
Anonymous
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3 months ago
 Help! The answer is missing an explanation...
Anonymous
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3 months ago
 Quote from: Anonymous (3 months ago) Help! The answer is missing an explanation... Here's a similar question and its answer. I hope it helps!$30.45Explanation:Total manufacturing overhead estimated during the year =$100,480Total direct labour hours estimated at the beginning of the year = 3,300 direct labour hoursThe predermined overhead allocation rate for the year = $100,480/3300 =$30.448 = \$30.45
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