undefined Gallifrey, Ltd. is a manufacturer that uses a job-order costing system. Assume Gallifrey...
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Gallifrey, Ltd. is a manufacturer that uses a job-order costing system. Assume Gallifrey uses a single plantwide predetermined Factory OH rate to apply overhead and bases their predetermined OH rate on Machine hours (Mh). At the beginning of 2020, the firm made the following estimates for the upcoming year: Estimated Direct labor hours (DLh) 31,200 DLL 52,000 Mh Estimated Machine hours (Mh) Estimated Direct Materials Cost $2,014,925 Estimated Direct Labor Cost $853,060 Estimated total Variable Factory OH cost $1,317,710 $7,100,060 Estimated total Fixed Factory OH cost The predetermined OH rate (rounded to 2 decimal places) for 2020 is: a. $101.18 b. $136.54 c. $269.80 d. $161.88 Oe. $217.03
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