Question 1 1000 points its predetermined overhead rate annu

Question 1 ( 10.00 points its predetermined overhead rate annually on the basis of direct labor-hours. At the beg inning of the year, it estimated that 20,000 direct labor-hours would be required for the period\'s estimated level of production. The company also estimated $04,000 of fixed manufacturing expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour Haris\'s actual manufacturing overhead for the year was $123,900 and its actual total direct labor was 21,000 hours Required: Compute the company\'s predetermined overhead rate for the year. (Round your answer to 2 decimal places.) rate per DLH Hints References eBook & Resources Check my work Mac

Solution

Predetermined Overhead rate = Fixed Overhead / Total Estimated labor Hours Predetermined Overhead rate = Fixed Overhead = $                  94,000.00 Divide By \"/\"By Total Estimated labor hours                      20,000.00 Equal to =\' to Predetermined Overhead rate = $                            4.70 Per DLH Answer = $ 4.70 Per DLH