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What is the predetermined overhead allocation rate

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Question - Superior Services, Inc. is a consulting firm that offers optimal legal solutions. It allocates indirect costs using a single predetermined overhead allocation rate with direct labor hours as the allocation base. The estimated indirect costs for this year amount to $160,000. The company is expected to work 8000 direct labor hours during the year. The direct labor rate is $300 per hour. Clients are billed at 120% of direct labor cost. Last month, Superior's consultants spent 180 hours on Xyme, Inc. What is the predetermined overhead allocation rate per direct labor hour?

Reference no: EM132839552

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