Dagger Corporation Uses Direct Labor-Hours in Its Predetermined Overhead Rate

question 60

Multiple Choice

Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $423,870. At the end of the year, actual direct labor-hours for the year were 19,400 hours, manufacturing overhead for the year was underapplied by $5,650, and the actual manufacturing overhead was $418,870. The predetermined overhead rate for the year must have been closest to:

• A)$21.59
• B)$20.76
• C)$21.30
• D)$21.85

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Definitions:

Cognitive Flexibility

The mental ability to switch between thinking about two different concepts, or to think about multiple concepts simultaneously.

Bilingual Children

Children who have the ability to understand and use two languages, which can influence cognitive development and cultural identity.

Passive Sentences

Sentences where the subject receives the action of the verb, emphasizing the action rather than who is performing it.

Middle Adulthood

The stage of adulthood between early adulthood and late adulthood, beginning at 40 to 45 and ending at 60 to 65.