Minton Company provided the following information from its accounting records for 2013: $$\begin{array} { l r }
\text { Expected production } & 60,000 \text { labor hours } \
\text { Actual production } & 56,000 \text { labor hours } \
\text { Budgeted overhead } & \$ 1,500,000 \
\text { Actual overhead } & \$ 1,450,000
\end{array}$$ How much is the overhead application rate if Minton Company bases it on direct labor hours?
A)$25.00 per hour
B)$26.79 per hour
C)$25.89 per hour
D)$24.17 per hour

Question

Minton Company provided the following information from its accounting records for 2013: $$\begin{array} { l r } 
\text { Expected production } & 60,000 \text { labor hours } \
\text { Actual production } & 56,000 \text { labor hours } \
\text { Budgeted overhead } & \$ 1,500,000 \
\text { Actual overhead } & \$ 1,450,000
\end{array}$$ How much is the overhead application rate if Minton Company bases it on direct labor hours?
A)$25.00 per hour
B)$26.79 per hour
C)$25.89 per hour
D)$24.17 per hour

Quizplus · Accepted Answer

The Answer of Minton Company provided the following information from its accounting records for 2013: $$\begin{array} { l r } 
\text { Expected production } & 60,000 \text { labor hours } \
\text { Actual production } & 56,000 \text { labor hours } \
\text { Budgeted overhead } & \$ 1,500,000 \
\text { Actual overhead } & \$ 1,450,000
\end{array}$$ How much is the overhead application rate if Minton Company bases it on direct labor hours?
A)$25.00 per hour
B)$26.79 per hour
C)$25.89 per hour
D)$24.17 per hour

Minton Company Provided the Following Information from Its Accounting Records