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Compute what is the predetermined overhead rate

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Reference no: EM132558415

Dubois Decors is an interior decorator in St. Louis, Missouri. The following costs were incurred in the firm's contract to redecorate a corporate CEO's office.

Direct material used$35,000

Direct professional labor$60,000

The firm's budget for the year included the following estimates:

Budgeted overhead$400,000

Budgeted direct professional labor$250,000

Overhead is applied to contracts using a predetermined overhead rate calculated annually. The rate is based on direct professional labor cost.

Question 1: What is the predetermined overhead rate?

Reference no: EM132558415

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