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Determine predetermined shop overhead rate per direct labor

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Reference no: EM132507218

Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows:

Engine parts$690,500

Shop direct labor504,000

Shop and repair equipment depreciation37,700

Shop supervisor salaries105,000

Shop property taxes19,100

Shop supplies14,600

Advertising expense13,800

Administrative office salaries59,400

Administrative office depreciation expense7,600

Total costs and expenses$1,451,700

  • The average shop direct labor rate is $14.00 per hour.

Question 1: Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.

Reference no: EM132507218

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