Various Factory Overhead Rates. Vicksburg Company estimates factory overhead of $225,000 for the next year. An estimated

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Various Factory Overhead Rates. Vicksburg Company estimates factory overhead of $225,000 for the next year. An estimated 25,000 units will be produced, with materials cost of $500,000. Conversion will require an estimated 56,250 direct labor hours at a cost of $8 per hour, and an estimated 75,000 machine hours. LO6 Required: Compute the predetermined factory overhead rate to be used in applying factoiy overhead to pro¬ duction on each of the following bases:

(1) Units of production

(2) Materials cost

(3) Direct labor hours

(4) Direct labor cost

(5) Machine hours

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