Multiple Choice
Meger Manufacturing uses the direct labor cost method for applying factory overhead to production.The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,000 and $700,000,respectively.Actual direct labor cost and factory overhead were $1,100,000 and $825,000,respectively.
What was Meger's predetermined factory overhead rate?
A) 70.0%
B) 82.5%
C) 63.6%
D) 133.0%
Correct Answer:
Verified
Correct Answer:
Verified
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