How much is the overhead application rate

Assignment Help Managerial Accounting

Reference no: EM132766262

Question - Concord Corporation provided the following information from its accounting records for 2019.

Estimated production 50000 labor hours

Actual production46000 labor hours

Budgeted overhead $1000000

Actual overhead $960000

Required - How much is the overhead application rate if Concord Corporation bases the rate on direct labor hours?

a. $20.87 per hour

b. $19.20 per hour

c. $20.00 per hour

d. $21.74 per hour

Reference no: EM132766262

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