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Problem - Apparel Ltd manufactures batches of high-quality sweatshirts. The number of sweatshirts varies per job. It uses a normal job-order costing System.
Estimated data for the year 20X1 were the following:
Total factory overhead cost $75,000
Direct labour hours 15,000
During March 20X1, manufacturing costs for a batch of sweatshirts were as follows:
Actual production 2,000 sweatshirts
Direct materials $10 per sweatshirt
Direct labour 55 hour per sweatshirt at $7 per labour hour
Required - Determine the predetermined overhead rate based on direct labour hours.
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