The Following Information Has Been Gathered for the Harrell Manufacturing

question 120

Multiple Choice

The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31: What is the predetermined manufacturing overhead rate,assuming direct labor cost is used as the activity base?
$$\begin{array} { | l | r | } \hline \text { Actual manufacturing overhead costs } & \$ 212,500 \\\hline \text { Actual direct labor hours } & 54,900 \\\hline \text { Actual direct labor costs } & \$ 445,000 \\\hline \text { Estimated manufacturing overhead costs } & \$ 210,000 \\\hline \text { Estimated direct labor } & \$ 434,000 \\\hline \text { Estimated direct labor hours } & 56,000 \\\hline\end{array}$$

• A) 48.4%.
• B) 47.2%.
• C) 49.0%.
• D) 47.8%.

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Definitions:

DNA

DNA, or deoxyribonucleic acid, is a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Complementary Strand

In molecular biology, a strand of nucleic acid that can form a double-stranded structure by matching each base with its complement.

DNA

Deoxyribonucleic acid, the molecule that carries genetic information in the cells of living organisms.

Complementary DNA

DNA synthesized from a single-stranded RNA template in a reaction catalyzed by the enzyme reverse transcriptase, often used in cloning or as a probe in physical mapping.