Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead...

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Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead...

Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following information, calculate Bob's predetermined overhead rate. Input your answer without dollar signs or commas. Round your answer to two decimal places.

Actual Overhead Expense	$101,738
Estimated (Budgeted) Overhead Expense	$112,962
Actual Direct Labor Hours	10,050
Estimated Direct Labor Hours	11,744

business accounting

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Answer 1

Answer #1

Predetermined overhead rate = Estimated manufacturing overhead / Estimated total base units

base here is direct labor hours

Estimated total direct labor hours = 11,744

Estimated manufacturing overhead = $112,962

Predetermined overhead rate = 112,962 / 11,744 hours

Predetermined overhead rate = 9.62 per direct labor hour

answer is

9.62

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Answer 2

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Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead...

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