Abbott Pools manufactures swimming pool equipment. Abbott estimates total manufacturing overhead costs next year to be $$1,500,000.$ Abbott also estimates it will use $30,000$ direct labor hours and incur $$1,250,000$ of direct labor cost next year. In addition, the machines are expected to be run for $50,000$ hours.

Read the requirements.

Compute the predetermined manufacturing overhead rate for next year assuming that the company uses direct labor hours as its manufacturing overhead allocation base.

Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor hours as the manufacturing overhead allocation base.

$\backslash$table$[[$Estimated manufacturing overhead costs,$,$Estimated direct labor hours$],[1500000,,30000]]$

Predetermined manufacturing

$2.$ Compute the predetermined manufacturing overhead rate for next year assuming that the company uses Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct percent.$)$

$3.$ Compute the predetermined manufacturing overhead rate for next year assuming that the company uses Identify the formula and compute the predetermined manufacturing overhead rate for next year using machi overhead rate

Requirements

Compute the predetermined manufacturing overhead rate for next year under the following independent situations:

Assume that the company uses direct labor hours as its manufacturing overhead allocation base.

Assume that the company uses direct labor cost as its manufacturing overhead allocation base.

Assume that the company uses machine hours as its manufacturing overhead allocation base.

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Done

Time Limit: $01$:$15$:$00$

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