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How much is the overhead application rate

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Reference no: EM133026307

Question - Minton Company provided the following information from its accounting records for 2012:

Expected production 60,000 labor hours

Actual production 56,000 labor hours

Budgeted overhead $1,500,000

Actual overhead $1,450,000

How much is the overhead application rate if Minton Company bases it on direct labor hours?

A. $25.00 per hour

B. $26.79 per hour

C. $25.89 per hour

D. $24.17 per hour

Reference no: EM133026307

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