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What is the predetermined overhead rate to the nearest cent

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

Level of activity 3,250 DLHs

Overhead costs at the denominator activity level:

Variable overhead cost $10,000

Fixed overhead cost $42,125

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

Actual hours 4,100 DLHs

Standard hours allowed for the actual output 2,667 DLHs

Actual total variable manufacturing overhead cost $10,600

Actual total fixed manufacturing overhead cost $42,525

Required - What is the predetermined overhead rate to the nearest cent?

Reference no: EM132612144

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