Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information...
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Accounting
Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.
Budgeted Actual
Overhead cost $1,522,610 $1,494,610
Machine Hours 58,000 49,000
Direct Labor Hours 107,000 102,500
Overhead is applied on the basis of direct labor hours.
Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.)
Predetermined overhead rate $ per direct labor hour
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