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M2-6 (Algo) Calculating Predetermined Overhead Rates [LO 2-3] Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated

M2-6 (Algo) Calculating Predetermined Overhead Rates [LO 2-3] Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct labor costs are summarized here: Direct labor cost Manufacturing overhead Estimated $ 400,000 724,000 Actual $350,000 649,000 Required: Compute the predetermined overhead rate. Predetermined Overhead Rate 193

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