Use the Following Information for the Next 2 Questions

question 37

Multiple Choice

Use the following information for the next 2 questions. Allen's Accounting Services uses job costing and applies overhead using a normal costing system using professional labor hours as the allocation base. This period's estimated overhead cost is $400,000, estimated professional labor cost is $800,000 and estimated direct labor hours are 8,000. This period actual overhead cost was $426,400, actual direct labor cost was $820,000, and actual direct labor hours were 8,200.
-What is the overhead allocation rate?

• A) $60/hour
• B) $55/hour
• C) $52/hour
• D) $50/hour

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NASW Code

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