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Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $240,850. At the end of the year, actual direct labor-hours for the year were 15,300 hours, manufacturing overhead for the year was underapplied by $15,000, and the actual manufacturing overhead was $236,850. The predetermined overhead rate for the year must have been closest to:

$14.50

$15.44

$13.63

$15.16

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Answer #1

A

Actual manufacturing Overhead

$        236,850.00

B

Under Applied overhead

$          15,000.00

C = A - B

Overheads applied

$        221,850.00

D

Actual Direct Labor hours

                    15,300

E = C/D

Predetermined Overhead rate

$                   14.50
  • Correct Answer = Option #1 $ 14.50
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