A furniture corporation manufactures two models of furniture-Standard and Deluxe.The total estimated manufacturing overhead costs are $64,250.The following estimates are available: $$\begin{array} { | l | l | l | }
\hline & \text { Standard } & \text { Deluxe } \
\hline \text { Direct materials cost per unit } & \$ 250 & \$ 280 \
\hline \text { Direct labor cost per unit } & \$ 115 & \$ 140 \
\hline \text { Number of units } & 250 & \$ 00 \
\hline
\end{array}$$ The company uses direct labor costs as the base to allocate manufacturing overhead.Calculate the predetermined overhead rate.(Round your answer to two decimal places.)

Question

A furniture corporation manufactures two models of furniture-Standard and Deluxe.The total estimated manufacturing overhead costs are $64,250.The following estimates are available: $$\begin{array} { | l | l | l | } 
\hline & \text { Standard } & \text { Deluxe } \
\hline \text { Direct materials cost per unit } & \$ 250 & \$ 280 \
\hline \text { Direct labor cost per unit } & \$ 115 & \$ 140 \
\hline \text { Number of units } & 250 & \$ 00 \
\hline
\end{array}$$ The company uses direct labor costs as the base to allocate manufacturing overhead.Calculate the predetermined overhead rate.(Round your answer to two decimal places.)

Quizplus · Accepted Answer

The Answer of A furniture corporation manufactures two models of furniture-Standard and Deluxe.The total estimated manufacturing overhead costs are $64,250.The following estimates are available: $$\begin{array} { | l | l | l | } 
\hline & \text { Standard } & \text { Deluxe } \
\hline \text { Direct materials cost per unit } & \$ 250 & \$ 280 \
\hline \text { Direct labor cost per unit } & \$ 115 & \$ 140 \
\hline \text { Number of units } & 250 & \$ 00 \
\hline
\end{array}$$ The company uses direct labor costs as the base to allocate manufacturing overhead.Calculate the predetermined overhead rate.(Round your answer to two decimal places.)

A Furniture Corporation Manufactures Two Models of Furniture-Standard and Deluxe