This Question: 1 pt 28 of 40 (17 complete) ? This Test: 40 pts possible Archange

Question

This Question: 1 pt 28 of 40 (17 complete) ? This Test: 40 pts possible Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs. The production details for the year are given below Total manufacturing overhead costs estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year $140,000 $330,000 11,000 direct labor hours $150,000 $360,000 11,000 direct labor hours ound your final answer to two Calculate the manufacturing overhead allocation rate for the year based on the above data. (R decimal places.) OA, 25 45% OB. 257.14% 42.42% 11.79% ??. D.

Explanation / Answer

Manufacturing O/H allocation O/H Rate = Total mfr OH cost estimated at the beginning of year / Total direct labour cost estimated at beginning

   = 140000 / 330000 = 42.42%

Option C is correct

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