None Electric Car Company listed the following data for the current year:Budgeted factory overheadBudgeted direct labor hours$ 1,069,47069,900Budgeted machine hours23,300Actual factory overheadActual labor hoursActual machine hours1,037,70071,00022,200Assuming Electric Car Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is:$14.30 per direct labor hour.$46.74 per direct labor hour.$15.80 per direct labor hour.$15.30 per direct labor hour.$14.62 per direct labor hour.

Name: None Electric Car Company listed the following data for the current ye
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Description: None Electric Car Company listed the following data for the current year:Budgeted factory overheadBudgeted direct labor hours$ 1,069,47069,900Budgeted machine hours23,300Actual factory overheadActual labor hoursActual machine hours1,037,70071,00022,2

The overhead is applied to the production on the basis of predetermined overhead rate. The…

Business

Accounting

Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,069,470 69,900 23,300 1,037,700 71,000 22,200 Assuming Electric Car Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is: $14,30 per direct labor hour. $46.74 per direct labor hour. O $15.80 per direct labor hour. O $15.30 per direct labor hour. $14.62 per direct labor hour.

Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,069,470 69,900 23,300 1,037,700 71,000 22,200 Assuming Electric Car Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is: $14,30 per direct labor hour. $46.74 per direct labor hour. O $15.80 per direct labor hour. O $15.30 per direct labor hour. $14.62 per direct labor hour.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EA: Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...

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A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
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