X company estimates that 1700 direct labor hours will be

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X Company has the following estimated costs for the year:

Direct materials $62,800
Direct labor 23,800
Factory supplies 21,000
Factory maintenance 30,200
Research and development 42,600
Factory rent 43,000
Sales salaries 40,000
Factory insurance 68,200

X Company estimates that 1,700 direct labor hours will be worked during the year, and machines will be operated for 63,000 hours during the year. If overhead is allocated on the basis of direct labor cost, what will the overhead rate be?

Reference no: EM13597430

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