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Question
Felton Quality Productions Company has provided the following information for the year 2012:
Actual manufacturing overhead costs incurred $89,770
Manufacturing overhead costs allocated to production $95,200
Actual direct materials cost $224,000
Actual direct labor cost $93,750
Actual direct labor hours 18,500 direct labor hours
Actual machine hours 56,000 machine hours
Based on the above information, what was Felton's allocation rate? (Hint: for this type of problem, the "trial and error" method may be used.)
A) $1.70 per machine hour
B) 52% of direct labor cost
C) 180% of direct materials cost
D) $24.80 per direct labor hour
Answer
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