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	$104038
Estimated (Budgeted) Overhead Expense	$110917
Actual Direct Labor Hours	$10436
Estimated Direct Labor Hours	$11198

business accounting

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Answer 1

Answer #1

Predetermined overhead rate = $9.91 per DLH

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Calculation of Predetermined Overhead rate
(A)	Estimated (Budgeted) Overhead Expense	$ 1,10,917.00
(B)	Estimated Direct Labor Hours	11198
(A/B)	Predetermined Overhead rate per Direct labor hour	$ 9.91

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Answer 2

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