Reference no: EM132195371
Question - Jackson Inc. listed the following data for 2016:
Budgeted factory overhead $1,271,000
Budgeted direct labor hours 82,000
Budgeted machine hours 41,000
Actual factory overhead 1,201,000
Actual direct labor hours 86,300
Actual machine hours 39,400
Round calculations to 2 significant digits
Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2016 is:
$14.20 per direct labor hour.
$14.38 per direct labor hour.
$15.24 per direct labor hour.
$15.50 per direct labor hour.
$15.85 per direct labor hour.