Tiger furnishings produces two models of cabinets for home, Ask an Expert

Accounting

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

	Basic		Dominator		Total
Units produced		850		400		1,250
Machine-hours		3,700		1,100		4,800
Direct labor-hours		3,700		3,000		6,700
Direct materials costs	$	9,100	$	3,600	$	12,700
Direct labor costs		66,700		33,000		99,700
Manufacturing overhead costs						237,247
Total costs					$	349,647

Required:

Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.)

NOTE: The answer should be % of direct labor cost, not a price.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640029

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