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Determine the cost of performing engine repair work

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Reference no: EM132571642

Street Runner 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$1,150,800

Shop direct labor 840,000

Shop and repair equipment depreciation 59,200

Shop supervisor salaries 164,500

Shop property taxes 29,900

Shop supplies 22,900

Advertising expense 23,000

Administrative office salaries 99,000

Administrative office depreciation expense 12,700

Total costs and expenses$2,402,000

The average shop direct labor rate is $24 per hour.

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

Reference no: EM132571642

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