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H3Ko H3Ko
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6 years ago
Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. The production details for the year are given below:

Total manufacturing overhead costs estimated at the beginning of the year   $150,000
Total direct labor costs estimated at the beginning of the year   $340,000
Total direct labor hours estimated at the beginning of the year   10,000 direct labor hours
Actual manufacturing overhead costs for the year   $150,000
Actual direct labor costs for the year   $360,000
Actual direct labor hours for the year   11,000 direct labor hours

Calculate the manufacturing overhead allocation rate for the year based on the above data. (Round your final answer to two decimal places.)
A) 240.00%
B) 44.12%
C) 11.33%
D) 27.27%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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6 years ago
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H3Ko Author
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#2
6 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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