Please signify the answers clearly end of the question. Please signify the answe
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Question
Please signify the answers clearly end of the question.
Please signify the answers clearly end of the question. Chapter 03 Problems instructions help Question 1 (of 5 Save& Exit | | Submit value 10.00 points Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 44,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $565,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $736,070 and its actual total direct labor was 44,500 hours Required Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) per DLH
Explanation / Answer
Predetermined Overhead Rate = Estimated Fixed Cost / Estimated Direct Labour Hours Predetermined Overhead Rate = $ 565,000 / 44,000 Hours Predetermined Overhead Rate = $ 12.84 Per Direct Labour Hours Answer = Predetermined overhead rate = $ 12.84 Per Direct Labour Hours