FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
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Parker Manufacturing calculates its predetermined
overhead rate annually based on direct labor-hours. At
the beginning of the year, the company estimated that
40,000 direct labor-hours would be required for
production. The estimated fixed manufacturing
overhead was $720,000, and the estimated variable
manufacturing overhead was $4.50 per direct labor-
hour.
What is the predetermined overhead rate per direct
labor-hour? (Round your answer to two decimal places.)
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