The Silver Corporation Uses a Predetermined Overhead Rate to Apply

question 42

Multiple Choice

The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs.The predetermined overhead rate is based on labor cost in Dept.A and on machine-hours in Dept.B.At the beginning of the year, the Corporation made the following estimates: What predetermined overhead rates would be used in Dept.A and Dept.B, respectively?

• A)67% and $3.00
• B)150% and $5.00
• C)150% and $3.00
• D)67% and $5.00

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