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Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during
Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $ 30,000 $ 5.60 2,eee $ 12,8ee Direct materials Direct labor cost Actual direct labor hours worked Job Y $ 13,000 $ 21,eee 1,400 Job Z $ 8,eee $ 7.5ee 5e9 What is the plantwide predetermined overhead rate? Multiple Choice $20.00 $10.00 $15.00 $25.00
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