Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost
The manufacturing overhead cost allocated during the year is $300,000. The details of production and costs incurred during the year are as follows:
Actual direct materials cost $812,000
Actual direct labor cost $170,000
Actual overhead costs incurred $264,000
Total direct labor hours 5,580 hours
What is the predetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.)
A) 88.00%
B) 64.39 %
C) 176.47%
D) 36.95%
C .C) Actual direct labor cost $170,000
Allocated manufacturing overhead cost $300,000
Predetermined overhead allocation rate ($300,000 / 170,000 ) = 176.47%
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