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What was actual overhead rate of the year per direct labour

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Reference no: EM132533735

Monash Limited makes various types of metal shelving. Its budget for the current year are:

Expected productions                          10,000 shelves

Expected direct labour hour                  10,000 hours

Expected manufacturing overhead          $1,000,000

Monash limited used an absorption/ traditional costing system and its total overhead cost is allocated based on the direct labour hours. At the end of the financial year, the following information was collected:

Direct labour hour               8000 hours

Manufacturing overhead      $ 900,000

Question 1: What was actual overhead rate of the year per direct labour hours?

Reference no: EM132533735

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