Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
0 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period. At the end of the period, the records show that there had been 220,000 hours of direct labor and $1,240,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.) A) $5.17 per direct labor hour.
B) $7.00 per direct labor hour.
C) $6.42 per direct labor hour.
D) $5.84 per direct labor hour.
E) $6.25 per direct labor hour.
Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.
