Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs.The production details for the year are given below: $\begin{array}{|l|l|}
\hline\text { Total manufacturing overhead costs estimated at the beginning } \
\text { of the year } & \$ 140,000 \
\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 320,000\
\hline & 10,000 \text { direct labor } \
\text { Total direct labor hours estimated at the beginning of the year }&\text { hours}\\hline \text { Actual direct labor costs for the year } & \$ 360,000 \\hline &12,200 \text { direct labor } \\text { Actual direct labor hours for the year } & \text { hours }\
\hline
\end{array}$ Calculate the manufacturing overhead allocation rate for the year based on the above data.(Round your final answer to two decimal places.)

Question

Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs.The production details for the year are given below: $\begin{array}{|l|l|}
\hline\text { Total manufacturing overhead costs estimated at the beginning } \
\text { of the year } & \$ 140,000 \
\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 320,000\
\hline  & 10,000 \text { direct labor } \
\text { Total direct labor hours estimated at the beginning of the year }&\text { hours}\\hline \text { Actual direct labor costs for the year } & \$ 360,000 \\hline &12,200 \text { direct labor } \\text { Actual direct labor hours for the year } & \text { hours }\
\hline
\end{array}$ Calculate the manufacturing overhead allocation rate for the year based on the above data.(Round your final answer to two decimal places.)

Quizplus · Accepted Answer

The Answer of Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs.The production details for the year are given below: $\begin{array}{|l|l|}
\hline\text { Total manufacturing overhead costs estimated at the beginning } \
\text { of the year } & \$ 140,000 \
\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 320,000\
\hline  & 10,000 \text { direct labor } \
\text { Total direct labor hours estimated at the beginning of the year }&\text { hours}\\hline \text { Actual direct labor costs for the year } & \$ 360,000 \\hline &12,200 \text { direct labor } \\text { Actual direct labor hours for the year } & \text { hours }\
\hline
\end{array}$ Calculate the manufacturing overhead allocation rate for the year based on the above data.(Round your final answer to two decimal places.)

Archangel Manufacturing Calculated a Predetermined Overhead Allocation Rate at the Beginning