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Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...

Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs at the beginning of the year:

Direct materials

$

6,000

Direct labor

$

20,000

Rent on factory building

$

15,000

Sales salaries

$

25,000

Depreciation on factory equipment

$

8,000

Indirect materials

$

2,000

Production supervisor's salary

$

15,000

Advertising

$

49,000

Goodin estimates that 20,000 direct labor-hours will be worked during the upcoming year. The predetermined overhead rate per direct labor-hour will be:

Options

A $2.00

B $3.30

C $1.40

D $7.00

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