Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of...

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Accounting

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information.
\table[[,Car,,Truck],[Estimated wheels produced,40,000,,10,000],[Direct labor hours per wheel,,,3]]
Total estimated overhead costs for the two product lines are $770,000.
(a1)
Calculate overhead rate. (Round answer to 2 decimal places, e.g.12.25.)
Overhead rate per direct labor hour
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