Isive Problem$-$ Chapters $1,$

Pat $1$ of $3$

Pithe Computer Company uses a job order costing system in which each batch manufactured is a different job. Pithe Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $$24$ per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of $2024,$ the controller prepared the following budget:

$($Click the ican to view the budget.$)$

In November $2024,$ Pithe Computer Company worked on several jobs. Records for two jobs appear here:

$($Click the icon to view the records for the two jobs.$)$

Read the requirements.

Requirement $1.$ Compute Pithe Computer Company's predetermined overhead $(OH)$ allocation rate for $2024.$

Data table

$\backslash$table$[[$Manufacturing overhead,$$,437,500],[$Direct labor costs,$$,1,250,000$