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The Following Information Was Gathered for Indians Company Assume the Cost Driver Is Direct-Labor Hours

Question 16

Multiple Choice

The following information was gathered for Indians Company:  Budgeted direct-labor hours 8,000 Actual direct-labor hours 8,400 Budgeted factory overhead $220,875 Actual factory overhead $224,970\begin{array} { l r } \text { Budgeted direct-labor hours } & 8,000 \\\text { Actual direct-labor hours } & 8,400 \\\text { Budgeted factory overhead } & \$ 220,875 \\\text { Actual factory overhead } & \$ 224,970\end{array} Assume the cost driver is direct-labor hours.The budgeted factory-overhead rate is _____.


A) $27.61
B) $27.77
C) $27.27
D) $29.03

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