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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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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

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
4 years ago
thank you
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#4
3 years ago
thank you
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#5
3 years ago
Thank you
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#6
3 years ago
thanks
Anonymous
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#7
10 months ago
Help! The answer is missing an explanation...
Anonymous
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#8
10 months ago
Quote from: Anonymous (10 months ago)
Help! The answer is missing an explanation...

Here's a similar question and its answer. I hope it helps!



$30.45

Explanation:

Total manufacturing overhead estimated during the year = $100,480

Total direct labour hours estimated at the beginning of the year = 3,300 direct labour hours

The predermined overhead allocation rate for the year = $100,480/3300 = $30.448 = $30.45
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