How much is the overhead application rate if hill bases the, Ask an Expert

Accounting

Hill Mfg. provided the following information from its accounting records for 2008:

Expected production 30,000 labor hours
Actual production 28,000 labor hours
Budgeted overhead $900,000
Actual overhead $870,000

How much is the overhead application rate if Hill bases the rate on direct labor hours?

A) $31.07 per hour

B) $30.00 per hour

C) $29.00 per hour

D) $28.00 per hour

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Accounting Basics, Accounting

Category:- Accounting Basics
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