Davis Company
Davis Company uses a job-order costing system.Assume that Job #504 is the only one in process.The following information is available:
| Budgeted direct labor hours | 65,000 | Budgeted machine hours | 9,000 |
| Budgeted overhead | $350,000 | Direct material | $110,500 |
| Direct labor cost | $70,000 |
Refer to Davis Company.What is the overhead application rate if Davis uses a predetermined overhead application rate based on direct labor hours (rounded to the nearest whole dollar) ?
A) $ 0.20
B) $ 5.00
C) $ 5.38
D) $38.89
Correct Answer:
Verified
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