Leo lion corporation allocates manufacturing overhead based, Ask an Expert

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Leo Lion Corporation allocates manufacturing overhead based on machine hours. Leo Lion budgeted 11,000 machine hours and $91,000 of manufacturing overhead costs. Actually used were 14,000 machine hours and the following actual costs were incurred:

Indirect Labor 10,000
Depreciation on Plant 44,000
Machinery Repair 15,000
Direct Labor 76,000
Plant Supplies 3,000
Advertising 33,000
Sales commissions 25,000

What is Leo Lion Corporation's predetermined manufacturing overhead cost (round to the nearest penny)?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9405012

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