The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the average budgeted manufacturing overhead per direct labor-hour is:
A)$16.00 per direct labor-hour
B)$15.50 per direct labor-hour
C)$20.00 per direct labor-hour
D)$24.50 per direct labor-hour

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The Answer of The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the average budgeted manufacturing overhead per direct labor-hour is:
A)$16.00 per direct labor-hour
B)$15.50 per direct labor-hour
C)$20.00 per direct labor-hour
D)$24.50 per direct labor-hour

The Covey Corporation Is Preparing Its Manufacturing Overhead Budget for the Fourth