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Find what was the total predetermined overhead rate

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Reference no: EM132587117

A manufacturer of industrial equipment has a standard costing system based on direct labour hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:

Denominator Level of Activity 8,000 DLHs

Overhead Costs at the Denominator Activity Level:

Variable Overhead Cost $56,400

Fixed Overhead Cost $100,800

The following data pertain to operations for the most recent period:

Actual Hours 7,800 DLHs

Standard Hours Allowed for the Actual Output 7,735 DLHs

Actual Total Variable Overhead Cost $54,210

Actual Total Fixed Overhead Cost $100,200

Question 1: What was the total predetermined overhead rate, rounded to the nearest cent?

Reference no: EM132587117

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