ACC 561 Final Guide (New, with Excel File)
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Multiple Choice Question 83
Barr Mfg. provided the following information from its accounting
records for 2017:
Expected production
60,000 labor hours
Actual production
56,000 labor hours
Budgeted overhead
$900,000
Actual overhead
$870,000
How much is the overhead application rate if Barr bases the rate on
direct labor hours?
$15.00 per hour
$16.07 per hour
$15.54 per hour
$14.50 per hour
Multiple Choice Question 94
If annual overhead costs are expected to be $750,000 and direct labor
costs are expected to be $1,000,000, then if the activity base is direct
labor costs: