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Compute the predetermined overhead rate for digger inc

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Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.

                                       Budgeted                              Actual
Overhead cost               $1,286,740              $1,257,740

Machine hours                 58,600                        47,600

Direct labor hours             101,000                     97,500

Question 1: Overhead is applied on the basis of direct labor hours. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.)

Reference no: EM132638296

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