Minton Company provided the following information from its accounting records for 2017: $\begin{array}{lr}
\text { Expected production } & 60,000 \text { labor hours } \
\text { Actual production } & 56,000 \text { labor hours } \
\text { Budgeted overhead } & \$ 1,800,000 \
\text { Actual overhead } & \$ 1,740,000
\end{array}$ How much is the overhead application rate if Minton Company bases it on direct labor hours?
A) $30.00 per hour
B) $29.00 per hour
C) $32.14 per hour
D) $31.07 per hour

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The Answer of Minton Company provided the following information from its accounting records for 2017: $\begin{array}{lr}
\text { Expected production } & 60,000 \text { labor hours } \
\text { Actual production } & 56,000 \text { labor hours } \
\text { Budgeted overhead } & \$ 1,800,000 \
\text { Actual overhead } & \$ 1,740,000
\end{array}$ How much is the overhead application rate if Minton Company bases it on direct labor hours?
A) $30.00 per hour
B) $29.00 per hour
C) $32.14 per hour
D) $31.07 per hour

Minton Company Provided the Following Information from Its Accounting Records