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Author Question: Mirada Manufacturing produces pumps for residential swimming pools. For the year, management ... (Read 22 times)

april 19

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Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1,488,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 62,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control.

Raw Materials Inventory$304,291
Work in Process Inventory$337,997
Finished Goods Inventory$756,362
Actual direct labor hours used68,970
Actual overhead incurred$1,434,576

What predetermined overhead rate did Mirada use during the year (if necessary, round your answer to two decimal places)?
◦ $21.57 per DLH
◦ $24.00 per DLH
◦ $20.80 per DLH
◦ $23.14 per DLH


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Marked as best answer by april 19 on Feb 5, 2023

dadgoere765

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april 19

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


bassamabas

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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