Job Costs Using a Plantwide Overhead Rate

Job Costs Using a Plantwide Overhead Rate wage rate for direct labor is expected to be $30 per hour. During June, Perrin Company worked on four jobs. Data relating to these four jobs follow: Goods Inventory and will remain there until the customer accepts delivery and pays. Jobs 41 and 42 remain unfinished at the end of the month. Required: 1. Calculate the overhead rate based on direct labor cost. % of direct labor cost 2. Set up a simple job-order cost sheet for all jobs in process during June. Perrin Company Job-Order Cost Sheets 3. What if the expected direct labor rate at the beginning of the year was $24 instead of $30 ? What would the overhead rate be? If required, round your overhead rate answer to one decimal place. New budgeted direct labor cost =$ New overhead rate =% of direct labor cost How would the cost of the jobs be affected