Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing...
Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing overhead costs and direct labour hours were $150,000 and 20,000 respectively. Actual overhead costs and direct labour hours are $100,000 and 16,000 hours, respectively.
- What was the predetermined manufacturing overhead rate?
- What was the total manufacturing overhead costs applied during the period ?
Homework Answers
Manufacturing OH Rate =
Manufacturing OH Cost / Direct Labour Hours
= 150000 / 20000
= 7.5 $ per hour
Manufacturing Cost Applied =
Direct Labour Hours * OH Rate
= 16000 * 7.5
= 120,000 $
whereas Actual OH = 100,000 $
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