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A company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. the company has provided the following estimated cost for next year:

direct materials 10,000
direct labour 30,000
sales commissions 40,000
salary of production supervisor 20,000
indirect materials 4000
advertising expense 8000
rent on factory equipment 10000

the company estimates that 5000 direct labour hours and 10000 machine hours will be worked during the year. the predetermined overhead rate per hour will be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977700

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