Clyde Company gathered the following information for the year ended December 31:
| Direct labour cost incurred for the year | $180,000 |
| Estimated manufacturing overhead costs | $240,000 |
| Estimated direct labour cost | $200,000 |
| Work in process inventory, Dec. 31 | $55,000 |
| Finished goods inventory, Dec. 31 | $67,500 |
| Cost of goods sold | $141,000 |
| Estimated direct labour hours | 300,000 |
At Clyde Company what would the predetermined manufacturing overhead rate for the year be using direct labour cost as the allocation base?
◦ 120% of direct labour cost
◦ 80% of direct labour cost
◦ 111% of direct labour cost
◦ 90% of direct labour cost
Laboratory Requisition Information
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December 22 2023