Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,00 . and $700,000 . respectively. Actual direct labor cost and factory overhead were $1,100,00 . and $825,000 . respectively. What was Meger's predetermined factory overhead rate?
a. 70.0%
b. 82.5%
c. 63.6%
d. 133.0%
a
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