Rams Company Had the Following Information The Budgeted Factory-Overhead Rate Using Direct-Labor Costs as the Cost

Rams Company had the following information: $$\begin{array} { l r } \text { Budgeted factory overhead } & \$ 90,000 \\\text { Actual factory overhead } & \$ 107,000 \\\text { Budgeted: Direct-labor costs } & \$ 100,000 \\\text { Actual: Direct-labor costs } & \$ 107,000\end{array}$$ The budgeted factory-overhead rate using direct-labor costs as the cost driver is _____.

A) $.81
B) $.90
C) $1.00
D) $1.05

Correct Answer:

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