Brief Exercise 17-1 (Part Level Submission) Digger Inc. sells a high-speed retri

Question

Brief Exercise 17-1 (Part Level Submission) Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual Overhead cost Machine hours Direct labor hours 51,318,050 1,288,050 46,800 95,900 60,900 101,000 Overhead is applied on the basis of direct labor hours (a) Vour answer is incorrect. Try again. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate 1,251.50 per direct labor hour Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT INTERACTIVE TUTORTAL Attempts: 4 of 5 used

Explanation / Answer

Predetermined overhead rate = Budgeted overhead costs/Budgeted direct labor hours = 1318050/101000= $13.05 per direct labor hour

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