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Minton Company Provided the Following Information from Its Accounting Records

Question 60

Multiple Choice

Minton Company provided the following information from its accounting records for 2017:  Expected production 60,000 labor hours  Actual production 56,000 labor hours  Budgeted overhead $1,800,000 Actual overhead $1,740,000\begin{array}{lr}\text { Expected production } & 60,000 \text { labor hours } \\\text { Actual production } & 56,000 \text { labor hours } \\\text { Budgeted overhead } & \$ 1,800,000 \\\text { Actual overhead } & \$ 1,740,000\end{array} How much is the overhead application rate if Minton Company bases it on direct labor hours?


A) $30.00 per hour
B) $29.00 per hour
C) $32.14 per hour
D) $31.07 per hour

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