Flores Foundry Austin, Toma, predetermined manufactura controle to locate overhead to individual obe bowed on the machine hours moved. At the begiver the year. The company expected to Click the loon to view the corn) Read the courements Requirement 1. Compute Flores predetermined manufacturing overhead rate Determine the formula to calculate the predetermined overhead rate, then calculate the role Predetermined overhead rate Manufacturing overhead costs ..... $ 550,000 Direct labor cost $ 1,300,000 Machine hours 68,750 At the end of the year, the company had actually incurred the following: ... $ 1,190,000 $ 500,000 . $ . 20,500 . Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours $ 24,000 $ 13,500 S 10,500 53,500 hours