HONESTY RESPONSIBILITY ETHICAL BEHAVIOR The Honor Code was established by students for students to foster...

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Accounting

HONESTY RESPONSIBILITY ETHICAL BEHAVIOR
The Honor Code was established by students
for students to foster an atmosphere of integrity.
Question 32
P Corporation is using a predetermined overhead rate that was based on estimated total fixed
manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred
actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the
period. The predetermined overhead rate is closest to:
$12.10
$11.30
$10.37
$11.10
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