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How to find the predetermined overhead rate

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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

                                                     Basic                    Dominator                     Total

Units produced                      950                      300                            1,250

Machine-hours                         3,500                  1,600                           5,100

Direct labor-hours                      2,500                    1,400                           3,900

Direct materials costs                     $8,400                  $3,350                          $11,750

Direct labor costs                              62,600                   30,700                        93,300

Manufacturing overhead costs                132,210

Total costs                                         $237,260

Required:

Question 1: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.)

Reference no: EM132567368

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