Barr MfgProvided the Following Information from Its Accounting Records for 2013

question 82

Multiple Choice

Barr Mfg.provided the following information from its accounting records for 2013: $$\begin{array} { l r } \text { Expected production } & 30,000 \text { labor hours } \\\text { Actual production } & 28,000 \text { labor hours } \\\text { Budgeted overhead } & \$ 900,000 \\\text { Actual overhead } & \$ 870,000\end{array}$$ How much is the overhead application rate if Barr bases the rate on direct labor hours?

• A) $32.14 per hour
• B) $30.00 per hour
• C) $29.00 per hour
• D) $31.07 per hour

---

Definitions:

Entire Inventory Process

The comprehensive procedure of managing the complete lifecycle of inventory from acquisition to sales.

ANXeBusiness

A solution provider that offers secure and compliant network and technology for businesses to manage and exchange information.

Extranet

A network that connects parts of the intranets of different organizations.

Portal And Exchange

A digital platform that facilitates the exchange of information, goods, or services, acting as a gateway for users to access various resources or markets.