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Compute the company plant-wide predetermined overhead rate

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Question - O'Reilly Corporation uses direct labor-hours to calculate its annual plant-wide predetermined overhead. For the current period's estimated level of production, O'Reilly Corporation estimated that 31,000 direct labor-hours would be required. Estimated fixed manufacturing overhead cost is $540,000 for the current period and variable manufacturing overhead cost of $3.00 per direct labor-hour. O'Reilly Corporation's actual manufacturing overhead cost for the period was $696,760 and its actual total direct labor was 31,500 hours. Compute the company's plant-wide predetermined overhead rate for the year.

Reference no: EM133113602

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