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E 2 - 5 ( Algo ) Calculating Predetermined Overhead Rate and Applied Overhead [ LO 2 - 3 ] Wheeler's Bike Company manufactures custom
EAlgo Calculating Predetermined Overhead Rate and Applied Overhead LO
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of
each bike. Estimated costs and expenses for the coming year follow:
Required:
Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $ per hour.
Determine the amount of applied overhead if actual hours are worked in the upcoming year.
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Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $ per hour.
Note: Round your answer to decimal places.
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