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 $64,350.The following estimates are available: $$\begin{array} { | l | r | r | } \hline & \text { Standard } & \text { Deluxe } \\\hline \text { Direct materials cost per unit } & \$ 240 & \$ 290 \\\hline \text { Direct labor cost per unit } & \$ 120 & \$ 140 \\\hline \text { Number of units } & 240 & 500 \\\hline\end{array}$$ 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) 31.76%
B) 33.94%
C) 191.52%
D) 65.13%