1) a) calculate predetermined overhead rate

b) calculate cost of goods manufactured, show all calculations

Xavier Xylo Company reported the following actual cost data for the year ended October 31, 2019: Purchase of raw materials (all direct) $266,000 Direct labour cost $160,000 Manufacturing overhead costs $246,000 Change in inventories: Decrease in raw materials $10,000 Decrease in work in process $8,000 Decrease in finished goods $16,000 Xavier Xylo Company used a job order costing system within their operations. The operations team determined that the appropriate cost driver is direct labour cost. The following annual forecast information was available to the operations team in the later part of October 2018: Actual Overhead Cost (fiscal year ended Oct 31, 2018) Forecasted Overhead Cost (fiscal year ended Oct 31, 2019) Actual Direct Labour Hours (fiscal year ended Oct 31, 2018) Forecasted Direct Labour Hours (fiscal year ended Oct 31, 2019) Actual Direct Labour Cost (fiscal year ended Oct 31, 2018) Forecasted Direct Labour Cost (fiscal year ended Oct 31, 2019) $235,200 $252,000 $117,600 120,000 $147,000 $168,000