1) Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 42,000 direct labor-hours would be required for the periodAc€?cs estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $749,923 and its actual total direct labor was 42,500 hours.

Required:

Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

2.

Mickley CompanyAc€?cs predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500:





Direct materials $240

  Direct labor $225



Required:

A.
What is the total manufacturing cost assigned to Job A-500?

B.
If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in the job?(Round your answer to 2 decimal places.)

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