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Compute predetermined factory overhead rate for lavender co

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Reference no: EM133005891

Lavender Company has decided to use a predetermined rate to assign factory overhead to production. The following predictions have been made for 2014:

Total factory overhead costs $150,000
Direct labor hours 40,000 hours
Direct labor costs $200,000

Required:

Problem a. Compute the predetermined factory overhead rate assuming Lavender uses direct labor hours as the activity base.

Problem b. Assume that actual factory overhead was $152,500 and that Lavender applies factory overhead to Work in Process based on direct labor hours.

Reference no: EM133005891

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