FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Jackson Inc. listed the following data for 2016:
Budgeted factory overhead $1,271,000
Budgeted direct labor hours 82,000
Budgeted machine hours 41,000
Actual factory overhead 1,201,000
Actual direct labor hours 86,300
Actual machine hours 39,400
Round calculations to 2 significant digits.
Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined
overhead rate for 2016 is:
A. $14.20 per direct labor hour.
B. $14.38 per direct labor hour.
C. $15.24 per direct labor hour.
D. $15.50 per direct labor hour.
E. $15.85 per direct labor hour.
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Transcribed Image Text:Jackson Inc. listed the following data for 2016: Budgeted factory overhead $1,271,000 Budgeted direct labor hours 82,000 Budgeted machine hours 41,000 Actual factory overhead 1,201,000 Actual direct labor hours 86,300 Actual machine hours 39,400 Round calculations to 2 significant digits. Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2016 is: A. $14.20 per direct labor hour. B. $14.38 per direct labor hour. C. $15.24 per direct labor hour. D. $15.50 per direct labor hour. E. $15.85 per direct labor hour.
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