Q-Dot Manufacturing Uses a Predetermined Overhead Allocation Rate Based on Direct

question 29

Multiple Choice

Q-dot Manufacturing uses a predetermined overhead allocation rate based on direct labor hours.It has provided the following information for the year:

Based on the above information,calculate Q-dot's predetermined overhead allocation rate.(Round your answer to two decimal places. )

• A)$1.03 per machine hour
• B)7.49% of direct labor cost
• C)34.26% of direct materials cost
• D)$20.51 per direct labor hour

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Definitions:

Implied Trust

An implied trust is created by the law as a presumption based on the intentions or actions of the parties involved, rather than by an explicit agreement.

Express Trust

A trust explicitly created by a settlor, typically in writing, specifying the terms, beneficiaries, and trustees, as opposed to being created by implication or operation of law.

Intestate Succession

The legal process by which property is distributed by law to the heirs of an individual who dies without a valid will.

Joint Tenancy

A form of property ownership where two or more individuals hold equal shares and rights in the property, with a right of survivorship.