February 25, 2017

Homework Help: accounting

Posted by sally on Saturday, September 8, 2012 at 7:05pm.

Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $567,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Logan’s actual manufacturing overhead for the year was $788,136 and its actual total direct labor was 38,500 hours.

Compute the company’s predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

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