The Following Budget Data Are Available for Sharp Company If Factory Overhead Is to Be Applied Based on Direct

The following budget data are available for Sharp Company: $$\begin{array} { l r } \text { Estimated direct labor hours } & 12,000 \\\text { Estimated direct labor doll ars } & \$ 90,000 \\\text { Estimated factory overhead costs } & \$ 179,000 \\\text { Actual direct lab or hours } & 11,500 \\\text { Actual direct labor dollars } & \$ 92,000 \\\text { Actual factory overhead costs } & \$ 180,000\end{array}$$ If factory overhead is to be applied based on direct labor dollars, the predetermined overhead rate is

A) 199%
B) 196%
C) $14.92
D) $15.65

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free