Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine...
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Accounting
Predetermined Factory Overhead Rate
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 | $1,150,800 | |
| Shop direct labor | 840,000 | |
| Shop and repair equipment depreciation | 67,400 | |
| Shop supervisor salaries | 187,400 | |
| Shop property taxes | 34,000 | |
| Shop supplies | 26,200 | |
| Advertising expense | 23,000 | |
| Administrative office salaries | 99,000 | |
| Administrative office depreciation expense | 12,700 | |
| Total costs and expenses | $2,440,500 | |
The average shop direct labor rate is $20.00 per hour.
Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. $fill in the blank 1 per direct labor hour
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