Homework Answers
1.
Estimated total indirect cost = $288,000
Estimated direct labor hours = 12,000
| Estimated total indirect cost | / | Estimated direct labor hours | = | Predetermined overhead allocation rate |
| 288,000 | / | 12,000 | = | $24 per direct labor hour |
2.
Predetermined overhead = $24 per direct labor hour
Actual direct labor hours used = 11
| Actual direct labor hours used | x | Predetermined overhead | = | Indirect cost allocated |
| 11 | x | 24 | = | $264 |
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