Question

Burrand Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases are: direct labor cost $500,000, direct labor hours 50,000, and machine hours 100,000. Compute the predetermined overhead rate for each activity base. (Round your answers to 0 decimal places.)

Overhead rate per direct labor cost is what percent?
I got 102% but i'm not sure, plz help!

Answer 1

calculate ending inventory-weighted average:ending inventory 21,ooo units
Beginning Inv 12,000 units@ $3.00
first purchase15,ooo.oo Units@ $3.25
2nd "

Answer 2

calculate ending inventory-weighted average:ending inventory 21,ooo units.
Beginning Inv 12,000 units@ $3.00
first purchase15,ooo.oo Units@ $3.25
2nd " 26,000 unite @ $3.30
3rd " 28,000 " @ $ 3.40