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Sirmons corporation bases its predetermined overhead rate

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Sirmons Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 70,000 labor-hours. The estimated variable manufacturing overhead was $9.93 per labor-hour and the estimated total fixed manufacturing overhead was $1,649,200. The actual labor-hours for the year turned out to be 74,000 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
$32.22 per labor-hour $9.93 per labor-hour $33.49 per labor-hour $23.56 per labor-hour

Reference no: EM131763451

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