Barr Mfg. provided the following information from its accounting records for 2017: Expected production60,000 labor hours Actual production56,000 labor hours Budgeted overhead$900,000 Actual overhead$970,000 How much is the overhead application rate if Barr bases the rate on direct labor hours? A. $15.54 per hour
B. $15.00 per hour
C. $14.50 per hour
D. $16.07 per hour
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