A Furniture Corporation Manufactures Two Models of Furniture-Standard and Deluxe

Multiple Choice

A furniture corporation manufactures two models of furniture-Standard and Deluxe.The total estimated manufacturing overhead costs are $64,300.The following estimates are available: $$\begin{array} { | l | r | r | } \hline & \text { Standard } & \text { Deluxe } \\\hline \text { Direct materials cost per unit } & \$ 240 & \$ 280 \\\hline \text { Direct labor cost per unit } & \$ 120 & \$ 135 \\\hline \text { Number of units } & 250 & 500 \\\hline\end{array}$$ The company uses direct labor costs as the base to allocate manufacturing overhead.Calculate the predetermined overhead rate.(Round your answer to two decimal places. )

A) 32.15%
B) 33.84%
C) 190.52%
D) 65.95%