The Malcolm Company Uses a Standard Cost System in Which

Multiple Choice

The Malcolm Company uses a standard cost system in which manufacturing overhead costs are applied to products on the basis of standard direct labor-hours (DLHs) . The standards call for 3 hours of direct labor per unit produced. The following data pertain to the company's manufacturing overhead for the month of July:
-The Fixed component of the predetermined overhead rate for June is:

A) $3.11
B) $3.39
C) $3.77
D) $3.00