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Fast Company is debating the use of direct labor cost or...

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Accounting

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Fast Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost $591,000 Actual direct labor cost $474,600 Estimated manufacturing overhead costs $434 200 Actual manufacturing overhead costs $359.000 Estimated direct labor hours 259,900 Actual direct labor hours 241 600 if Fast Step Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead rate be? 73% 91% 76% 70%

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