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4) Using the data below, calculate the following: (6 marks) a. Predetermined overhead rate based on Labor Hours b. Predetermined overhead rate based on Machine

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4) Using the data below, calculate the following: (6 marks) a. Predetermined overhead rate based on Labor Hours b. Predetermined overhead rate based on Machine Hours $10 500 800 Direct labor cost per hour Labor hours per month Machine hours per month Budgeted Overhead costs: Direct Material Indirect Material Indirect Labor Utilities Depreciation $7,000 $8,000 $35,000 $27,000 $23,000

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