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Valley View Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for 2013 follows:
Actual Mfg. OverHead $169,500
Estimated Mfg OverHead - $167,200
Direct Labor Incurred - 5,250 hours @ $15 = $78,750
Estimated Direct Labor 4,750 @18 = $85,000
Question 1: How much is the predetermined overhead rate (rounded to the nearest cent)
A) $32.29
b) $35.68
C) $31.85
D) $35.20
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