Wolf Manufacturing expects the following overhead costs in 2014: Indirect material $33,800 Indirect labor 49,400...
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Wolf Manufacturing expects the following overhead costs in 2014: Indirect material $33,800 Indirect labor 49,400 Depreciation of machinery 132,600 Repair and maintenance on machinery 113,100 Utilities and taxes 48,100 Total $377,000 It expects to use 23,000 direct labor hours at a cost of $506,000 and 13,000 machine hours during the year. Calculate the predetermined overhead allocation rate. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead allocation rate $______ per machine hour
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