Exotic Engine Shop uses a job order cost system to determine the cost of performing...
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Accounting
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $739,800 Shop direct labor 540,000 Shop and repair equipment depreciation 51,400 Shop supervisor salaries 142,800 Shop property taxes 25,900 Shop supplies 19,900 Advertising expense 14,800 Administrative office salaries 63,600 Administrative office depreciation expense 8,100 Total costs and expenses $1,606,300 The average shop direct labor rate is $18.00 per hour.
Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. _______ per direct labor hour
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