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Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Recently, Job K332 was completed with the following characteristics:
The amount of overhead applied to Job K332 is closest to: (Round your intermediate calculations to 2 decimal places.)
Wage Rate
The amount of money paid to an employee for a unit of time worked, typically expressed per hour or year.
Leisure
Represents time that an individual spends away from work and other compulsory activities, often used for relaxation, recreation, or personal interests.
Nonlabor Income
Earnings received from sources other than employment, such as investments, pensions, or inheritances.
Wage Rate
The amount of compensation an employee receives per unit of time or output, typically expressed per hour or piece.
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