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Healthy Food Company is considering the use of direct labor cost or direct labor hours...

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Accounting

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Healthy Food Company is considering the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following in Estimated direct labor cost $500,000 Actual direct labor cost $465,800 Estimated manufacturing overhead costs $425,600 Actual manufacturing overhead costs $350.800 Estimated direct labor hours 257.100 Actual direct labor hours 238,500 What would the predetermined manufacturing overhead rate be, if Healthy Food Company uses direct labor hours as the allocation base? (Round your answer to the nea cost allocation base for allocating manufacturing overhead. The following information is available for the most recent s direct labor hours as the allocation base? (Round your answer to the nearest cent.)

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