Jameson Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year:
Jameson estimates that 24,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be:
A) $2.00
B) $2.79
C) $3.00
D) $4.00
Correct Answer:
Verified
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