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What is the company predetermined overhead rate

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Problem - Reformer Company estimates that 64,000 direct labor hours will be worked and 80,000 machine hours will be incurred during the year. In addition. the company has developed the following cost estimates for next year:

Sales commissions $600,000

Direct labor 440,000

Salary of production supervisor 280,000

Rent on factory equipment 128,000

Direct materials 120,000

Advertising expense 88,000

Indirect materials 40,000

If overhead is applied on the basis of direct labor hours, what is the company's predetermined overhead rate?

Reference no: EM132955369

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