Daguio corporation uses direct labor-hours in its, Ask an Expert

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Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $212,500. At the end of the year, actual direct labor-hours for the year were 17,800 hours, manufacturing overhead for the year was underapplied by $11,700, and the actual manufacturing overhead was $207,500. The predetermined overhead rate for the year must have been closest to:

$11.66 per direct labor-hour
	$10.06 per direct labor-hour
	$11.00 per direct labor-hour
	$11.94 per direct labor-hour

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955469

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