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The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31: Actual manufacturing overhead costs $221,500 Actual direct labor hours $55,800

The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31:
 
Actual manufacturing overhead costs $221,500
Actual direct labor hours $55,800
Actual direct labor costs $454,000
Estimated manufacturing overhead costs $182,080
Estimated direct labor $443,000
Estimated direct labor hours $56,900
What is the predetermined manufacturing overhead rate, assuming direct labor cost is used as the activity base?
40.1%
50.0%
41.1%
48.8%

Aug 14 2021 View more View Less

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