Annual overhead information is given in Table 3. Overhead is allocated based direct labor hours. Estimated...
- Annual overhead information is given in Table 3. Overhead is allocated based direct labor hours. Estimated annual direct labor hours are 21,000. Calculate a predetermined OH rate (round to two decimal places if needed). Use this rate when you need to apply OH.
|
Cost description |
Amount |
|
Indirect material |
$9,060 |
|
Indirect labor |
60,000 |
|
Machine Maintenance |
6,200 |
|
Electricity |
9,800 |
|
Depreciation |
6,360 |
|
Quality testing |
7,280 |
|
Total |
$98,700 |
Predetermined OH rate:
Homework Answers
Assuming that Annual overhead information given is budgeted Annual overhead information and not actual Annual overhead information .
predetermined OH rate = budgeted Annual overhead / Budgeted DLH
98700 / 21000 =
$ 4.7 per DLH
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