Multiple Choice
Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs.Kayak Company's production costs for the year were: direct labor,$30,000; direct materials,$50,000; and factory overhead applied $6,000.The predetermined overhead rate was:
A) 5.0%.
B) 12.0%.
C) 20.0%.
D) 500.0%.
E) 16.7%.
Correct Answer:
Verified
Correct Answer:
Verified
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