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ANSWER
Fixed predetermined overhead rate = Total fixed overhead cost/Total labor hours
= $ 99,000/66,000 = $ 1.5 PLH
Variable predetermined overhead rate = $ 4.50 PLH
Applied overhead rate = Fixed predetermined overhead rate + Variable predetermined overhead rate = $ 1.5 + $ 4.50 = $ 6 PLH
Applied overhead cost for Job X387 = Applied overhead rate x No. of labor hours required for job X387 = $ 6 x 220= $ 1,320
Overhead cost applied to job X387 is $ 1,320
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