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Atual overhead was 580000 and actual labor costs totaled

Question - A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. How much is the company's predetermined overhead rate to the nearest rent?

a. $ 0.58

b.$0.53

c. $0.60

d. $0.55

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Accounting Basics: Atual overhead was 580000 and actual labor costs totaled

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Accounting Basics: Atual overhead was 580000 and actual labor costs totaled

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