Homework Answers
Solution:
Factory overhead costs = Salary of production supervisor + Depreciation factory equipment + Utilities used by factory + Indirect materials + supplies used by factory + rent on factory equipment
= 70000 + 6000 + 3000 +12800 +4500 + 14400 = $110,700
Predetermined overhead rate = Factory overhead costs / Estimated machine hours
= $110700/ 20000
= 5.54 per machine hour
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